Increased life expectancy should come with proportionally increased retirement age. Which is also a very unpopular policy. Otherwise you end with an aging population and the whole mess we’re in today.
What is common to all the low spenders - low life expectancy.
Low spender here. In my case, I don’t need much that I don’t already have and have opted out of consumerism to a large extent. So no, it’s not common to all low spenders, unless your definition of “low” is something extreme like under £1 a day.
There could be a misunderstanding here, I meant public welfare spending, not personal spending.
Countries who spend more on public welfare would get more people being productive rather than staying home sick. Higher life expectancy and higher life satisfaction is also expected.
The welfare spending provides an oversized return in productivity. What is common to all the low spenders - low life expectancy.
Increased life expectancy should come with proportionally increased retirement age. Which is also a very unpopular policy. Otherwise you end with an aging population and the whole mess we’re in today.
Low spender here. In my case, I don’t need much that I don’t already have and have opted out of consumerism to a large extent. So no, it’s not common to all low spenders, unless your definition of “low” is something extreme like under £1 a day.
There could be a misunderstanding here, I meant public welfare spending, not personal spending.
Countries who spend more on public welfare would get more people being productive rather than staying home sick. Higher life expectancy and higher life satisfaction is also expected.