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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.44-0.2%Dec 5 4:00 PM EST

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To: Cogito Ergo Sum who wrote (97572)1/7/2013 9:26:09 PM
From: elmatador1 Recommendation   of 218253
 
The old guy of the past had 6 guys paying a % of their 5000 dollars a month income as contribution to his retirement.

The old guy today has 3 guys paying a % of their 1.200 dollars a month contributing to his retirement.

Thus old guy today must keep working because he cannot afford to live off the % of a few guys contribution over 1.200 dollars income.

Or he has to lower his living standards a lot to live off the % of a few guys 1.200 dollars income.

As older guys stay on the labor market longer, the younger guys cannot enter labor market and earn those 1.200 dollars. They are not competition for the older guys have experience and network.
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