Not exact matches
Second, while it makes sense that an environment in which investments,
like government debt, are yielding a smaller return might cause people to
spend less today in order to make their retirement goals, there just isn't a lot of evidence that this happens in the real world.
Like the Anti-Federalists of yesterday, today's Republicans generally favor
less government,
less centralized control over the economy,
less regulation and control over the private sector,
less spending, and lower taxes.
I had foolishly assumed that whether I
liked them or not, people in
government were there because they knew how to do their job but the last 12 months alone have included the decision to hold a snap election that then lost them more seats than a bad IKEA intern, Brexit talks that have mimicked that track Paula Abdul did with a cartoon cat, an offensive defence secretary, an international development secretary who had to resign in order to
spend less time on holiday, Boris Johnson sadly continuing to be Boris Johnson and all of that and more culminating in an assurance that everything is fine because now our passports will be blue to match the depression everyone will have in 2018.
So presumably, the
less wealthy, after being told what to
spend their money on by «society» for all their working years, reach pensionable age fully moulded by a paternalistic
government into financially responsible citizens who will commit a significant amount of their time to research where they want to invest their pensions, and subsequently enjoy «regular updates on how their pension fund was growing» — because of course,
like house prices, pension funds can only rise in value.