From the article
Uncertainty about the future of Social Security comes as more Americans rely on the program for their sole source of income, with 21% doing so according to Nationwide’s latest retirement survey, versus 13% in 2014.
Meanwhile, just 31% said they currently have income from pensions, versus 48% who said the same 10 years ago.
HINT: Current (Keynesian) economic policies are specifically designed to encourage people to spend and not to save. They (Keynesian economists) do not hide this fact. They count only spending as part of the economy. (To them, savings is money leaving the economy)
They conjure up “the paradox of thrift” to show that spending is good and under certain circumstances can result in more saving. . . . Then promptly ignore the fact that those “circumstances” are not always present in the economy.
