Will Early Retirements Crash the Economy
Almost half of Millennials want to retire early. Will that hurt economic growth? There were similar concerns in the 1920s that early retirement would wreck the economy. In fact, there was significant pushback against retiring at all due to fears retirements would destroy the economy. Yet, the Great Depression still came. In this episode, we consider what ended the Roaring Twenties, caused the Great Depression, and how early retirements impact the economy. Topics covered include:What is the paradox of thrift and how does it apply to early retirement.Why the 1920s were called the Roaring Twenties.Why the work culture in the 1920s was for workers to not retire, but "die in the harness."What caused the Great Depression.How economies and job markets adapt over time.How waves of early retirements could change the economy. Thanks to LinkedIn Learning and Vistaprint for sponsoring the episode. Use promo code David to get free shipping from Vistaprint.