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A comment on Rich Retirees Are Hoarding Cash Out of Fear. Parent comment

Re:Rich Retirees Are Hoarding Cash Out of Fear by skybrian on Tuesday May 16, 2017 @07:13PM (#14354180)
Sub-optimal for whom? What does sub-optimal even mean in this case? Who benefits from "training to spend"?

It's not at all clear that the authors of the article are concerned about the well-being of rich old people. There seems to be some other argument that's not being stated explicitly.

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Re:Rich Retirees Are Hoarding Cash Out of Fear by FabHK on Tuesday May 16, 2017 @07:18PM (#14354217)
That might well be the paradox of thrift, that is that their frugality, while individually rational, collectively harms the entire economy (including themselves).

Just like arguably a lot of austerity in the Euro zone was self-defeating.

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Re:Rich Retirees Are Hoarding Cash Out of Fear by acover on Tuesday May 16, 2017 @07:24PM (#14354255)
The quote is about what financial planners should recommend to their clients (the retiree).

I don't think the article is suggesting that financial planners recommend their clients take one for the team and spend more money.

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