Re:McClatchy files bankruptcy
by speakwithalisp on Thursday February 13, 2020 @12:34PM
(#22319607)
Losing their income has a greater economic impact than just their own wellbeing. Pensioners might be retired but they are still consumers with debts of their own. Homelessness alone is very costly to the U.S.
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Pensioners are window-breakers, in today's society. They consume, but never produce. (This used to be less true, with grandparents providing childcare etc) This doesn't mean we should kill them all off! But the consumption of a pensioner (or retiree in general) is more akin to digging a ditch and filling it back in than it is to anything productive.
You can't build an economy on consumption alone.