Yes, you could just bank on having millions (who wouldn't want this), but you could have unforeseen medical issues, family emergencies, or simply retire one year before
a massive financial downturn.
Not exact matches
But the
downturn in the 1980s was caused by the sudden and
massive increase in interest rates by the Paul Volcker - led Federal Reserve, not a meltdown of the global
financial system.
In the wake of the 2008
financial downturn, the federal government put together a
massive rescue package, pumping billions of dollars into infrastructure programs to prop up Canada's economy.