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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53586561 No.53586561 [Reply] [Original]

What's going to happen to the world economy when Boomers retire and start cashing out their pensions?

>> No.53586741

>>53586561
A pyramid scheme needs a pyamid to function
There isnt a pyramid anymore

>> No.53586769

>>53586561
>>53586741

Liquidity crises. I sure hope there's not too much leverage in the global economy!

>> No.53586783

>>53586741
We're gonna need more chinks, jeets and mexicans

>> No.53586799
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53586799

Millennial chads our time is near. We will replace the boomers.
The day of the N64 approaches

>> No.53586833

>>53586561
it will dump before they retire, to make the largest amount of people possible sell the bottom for survival

>> No.53586979
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53586979

>>53586799
If only you knew!

>>53477012
>>53477012
>>53477012

>> No.53588652

Zeihan thinks the US consumer is the center of humanity

>> No.53588668

>>53586741
Good way of putting it.

>> No.53588700

>>53586561
Half of them will never retire since they have no savings. Only like a third of them got those cushy benefits and saved money, and close to 40% of those are retired already, so nothing will really happen.

>> No.53588737

>>53586561
I don't know for sure what will happen. However, I am certain that Boomers won't care.
Cruise lines will begin offering ICU medical cabins, just so Boomers can continue spending their cash when they're 99 years old to make sure nothing is passed on to family.

>> No.53588800

>>53588652
That guy is way too focused on demographics and seems to ignore the role technology (the actual useful kind) plays in fixing those issues. Maybe if industrials make a comback within the next decade those issues will come to fruition, but with the massively tech based economy that's been roaring in the last decade I find it hard to see that happening. True though, the young spenders are keeping this turd afloat.

>> No.53588801

>>53586783
>Chinks
Their population pyramid is just as fucked
>Mexicans
Literally 100 million Mexicans already live in the US, it hasn't fixed the population pyramid because after 1-2 generations they stop having kids too
>Indians
Just fucking nuke us instead please God

>> No.53588871
File: 904 KB, 4096x4096, Indian_States_by_TFR (4).jpg [View same] [iqdb] [saucenao] [google]
53588871

>>53588801
It's over for Jeets too. Note that despite having 1.4B population only around 85M Jeets come under Middle to High Income class, these are the Jeets that generally move abroad.

>> No.53588896
File: 184 KB, 740x971, ft_2021.03.18_indiachina_02.png [View same] [iqdb] [saucenao] [google]
53588896

>>53588801

>> No.53588909

>>53588896
India is literally Africa in terms of GDP per capita

>> No.53588937

>>53588909
It really is, India isn't a homogenous country, Like Africa it's very Tribal, there are ethnic and linguistic differences, and then there is caste system. Average IQ is 82.

>> No.53588961

>>53588937
Sounds exactly like Africa

>> No.53589033

>>53586799
>replace
boomer's six 250k senior do nothing position will be terminated after he retires at 73 and be replaced with two entry level 65k positions with zero room for promotion

>> No.53589056

>>53588871
Humanity's population is going to fall off a cliff except for Africans who will probably expedite the process with disease and war once they're the majority of the global population

Glad I won't be affected

>> No.53589150

>>53589056
how will you not be affected

>> No.53589168

>>53586741
Japan's doing fine

>> No.53589175

>>53586561
2021 was the peak Boomer wealth. They'll only get poorer from here.

>> No.53589192

>>53586561
Everything will be better when they are all dirt.

>> No.53589395

>>53589168
Looked at their stockmarket?

>> No.53589493

>>53586561
I will laugh at those dumb boomers once they realize their pensions aren't sustainable because they fucked the economy so hard for the next generation that having kids isn't even affordable
>>53586783
that doesn't work kek, immigrants actually have even less kids than natives after the 2nd generation and it only kicks down the road the problem

>> No.53589500

>>53589056
All of Africa will move to Europe and the US under "Climate Refugee" programs, China will move into an empty Africa to strip mine it bare.

>> No.53589547
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53589547

>>53589500
You ever read camp of the saints?

>> No.53589559

>>53586769
I've heard that there was, but they fixed it in 2008 and now it's all good.
t. Mr. Notabanker

>> No.53589563

>>53589033
Who said anything about wage cuckin'

>> No.53589575

>>53586799
>50 more years

>> No.53589600

this is why we need bitcoin

>> No.53589634

>>53586799
>reverse mortgages their homes and investment properties
pssh nothin personal kiddos

>> No.53590021

>>53589547
Yeah, also read Finis Gemania

>> No.53590061

>>53590021
Why would he do that?

>> No.53590110

>>53589056
what irks me is that in the optimistic scenario, where technology makes it trivial to fulfill basic needs for everyone, it will be the africans that benefit the most, precisely because they did not become part of the machine that enabled this technology to begin with

>> No.53590123

>>53586561
the past two years or so since COVID have probably seen the biggest spike in boomer retirements or deaths and things are still holding up fine. It's not like the entire generation retires on the same day, it has been happening for years now and will continue to happen into the forseeable future

>> No.53590453

>>53589395
You don't have to invest in stocks.

>> No.53590466

>>53590453
The US wouldnt exist without it

>> No.53590472

>>53586561
im hungry as fuck. I want pizza but I dont eat that stupid shit anymore

>> No.53590486

>>53589168
Are they? Lmao

>> No.53590523

>>53586561
Doesn't really matter everyone buys into american market nowadays. Europe and china are stagnant and soon to be dead.

>> No.53591281

>>53590523
>Investors Flock to European Stocks Leaving US Behind, BofA Says

>Investors are chasing European stocks at the fastest pace in nearly a year, while US equity inflows remain muted amid concerns of a recession, according to Bank of America Corp.

https://www.bloomberg.com/news/articles/2023-01-27/bofa-says-investors-flock-to-european-stocks-leaving-us-behind?leadSource=uverify%20wall

>> No.53591298
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53591298

>>53586783
>>53589493
>>53588801
there is literally no way to avoid total boomer death
either pensions get cut and these filthy fucking boomers go back to working at sketchers past their retirement, or the entire US economy collapses. There is no solution. Immigrants do not pay taxes and will not support boomers no matter how many of them you import.

>> No.53591316

They're crashing through market in the process. Boomers invested their whole lives and trusted the system. Now the system is just going to decide to sell JUST because they're retiring, expressly to screw them over and its all legal and ok.

They killed reform so this is their reward.

>> No.53591333

>>53589033
Work?
No, I don't think I will.

>> No.53591391
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53591391

>>53586799
>day of the N64

>> No.53591441

>>53591316
Good point

>> No.53591528

>>53589056
And just how do you expect Africans to make it out of Africa?
If every boat in the world were shipping the to London, it wouldn't be fast enough to make a difference. 95% of the population of africans will still be in Africa.
In short. They can only fuck over their own continent and its just sitting there waiting for colonialism 2.

>> No.53591536

>>53586561
Immigrants

>> No.53591583
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53591583

>>53591298
information for this is surprisingly obscure, but heres what I was able to find
The actual "Social Security" and medicare taxes you're charged on your return only end up paying for about half of the government spending on social security.
Social Security by itself already is not working as intended, and is essentially subsidized by debt.

Social security and Medicare cost about 2.6 trillion a year, while only netting ~1.3 trillion.
The actual US deficit in 2022 was 1.9 trillion.

>>53591536
Immigrants don't pay enough taxes to cover their welfare usage. They are a net negative on society and will not prevent pension collapse.

>> No.53591591

>>53591583
forgot link
https://www.whitehouse.gov/wp-content/uploads/2021/05/budget_fy22.pdf

>>53591298
>>53591583
if anyone is interested in doing research and crunching numbers I would be very interested to see what % of the US actually pays taxes and supports the other % that leech. I suspect its roughly 20-25% of White / Asian Men that are net tax positives on society holding the other 75% up.

>> No.53592040
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53592040

>>53591583
Social Security covers the difference by selling Treasuries out of its trust. Sometime in the 80s they hiked the social security tax rate and boomers were putting in more than was being paid out, so the government put the excess into US Treasuries. So social security is setup like so:

Obligations paid = Social Security Taxes Collected + Interest from trust + sales of treasuries from trust

So as treasuries get sold off from the trust, it both pushes rates up as a whole and reduces the total interest accrued each period. Thus moving forward we'll see the trust deplete more rapidly as the taxes-obligation gap widens due to reduced interest and requiring larger sell-offs.

>> No.53593322

>>53591583
>>53591591
>>53592040
Good posts

>> No.53593335
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53593335

>>53589175
And they all have 10-20 years of life left to watch it all fall apart.

>> No.53593339

>>53588652
Zeihan makes some valid observations but he grossly under estimates the societal turmoil in the west and then makes claims that arw bizarre

Like certain nations ceasing to exist al together because of because of demographics even though most nations in the world arent mucb betrer off

>> No.53593357
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53593357

>>53586561

>> No.53593382

>>53590110
They wont be able to sustain it. Look at Zimbabwe and South Africa.

>> No.53593406

>>53592040
The government also increase the amou of mony they borrowed out of the trust in that period.

>> No.53593614

>>53593357
what am i looking at?

>> No.53593679

>>53586799
cant wait to somehow miss boomers

>> No.53593751

>>53586561
>cashing out their pensions

As a millennial who pays into a pension, you don't have the slightest clue what this means.

>> No.53593912
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53593912

>>53588652
He valorizes the US, catastrophizes every other country and ignores the fact that the age of the global hegemon is coming to an end (also underestimates the effect that tech had in our economy AND militaristic power projection). He is not to be trusted.

>> No.53595898

>>53593614
Greatest generation biggest failure.

>> No.53595923

>>53593614
What awaits all good wageslaves and taxplayers

>> No.53595951

>>53593614
Your inheritance being donated to the millionaire who owns those.

>> No.53595972

God I hate boomers so much...