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.
The welfare spending provides an oversized return in productivity. What is common to all the low spenders - low life expectancy.
I don’t think this is correct. Prevention provides outsized benefits, but unless benefits lead to a return to work, they do not result in increased productivity. I’m happy to be proven wrong if you have a source. I think this is a moral discussion rather than an economic one.
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.
I don’t think this is correct. Prevention provides outsized benefits, but unless benefits lead to a return to work, they do not result in increased productivity. I’m happy to be proven wrong if you have a source. I think this is a moral discussion rather than an economic one.