Namtaru

Ahahahah already raking in the down votes.

Tell me, did you research Keynesian economics and the gold standard before you hit that button?

Teehee. Didn't think so.

(I know you're reading this, person who hasn't voted yet. Lol).

That's an armchair rebuttal. When one is forced to economize, sh*t gets real. I've slashed and slashed and reduced my luxuries and expenses exponentially due to drastic changes in my income. It's amazing how little I need to survive, even after I think I can't cut my expenses further.

Point is, we can always AFFORD it.... 10% of my income goes to me. Doesn't matter if that's a thousand bucks or ten cents..... "People can afford it", but they still don't save.

And likewise, we "young" can see the importance of retirement.

The REAL PROBLEM,

Ahem,

Let me just grab my professor stick,

The real problem is Keynesian economics.

AKA, what happens when the government is no longer on a gold standard?

Smart people exploit the social impact of a free market. In other words, "we'll protect you from the pandemic, here's a bailout!"

...."oh noes, rapid inflation? [Because of our bailout!?] Don't worry, we'll bail "you" out again with a gas bailout!

...."never mind that this literally caused more inflation in the first place....."

TL;DR play some cryptofad games to learn the differences between The Traditional Gold Standard (Bitcoin) and The "Gold-like" Standard (USD etc).

The Tru™ TL;DR:

People don't save for the future because $20 under my mattress is worth $15 tomorrow. Because, you know, "inflation", aka smart people taking advantage of the masses not knowing how inflationary tokens work.