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Be careful what you wish for....
Old 08-13-2008, 05:51 AM   #1
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Be careful what you wish for....

Did anyone else read this?

What if we all got money-smart? - MSN Money

I just don't see it happening. There will always be people who spend beyond their paycheck.
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Old 08-13-2008, 06:56 AM   #2
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The article points out that while this would be a shock to the system initially, the long term effects would be very positive. I particularly liked this one:

"The typical retirement age would probably drop, increasing demand for workers and perhaps boosting wages."

So I guess early retirees aren't selfish anymore - we just increase demand for workers.
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Old 08-13-2008, 02:55 PM   #3
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Quote:
Originally Posted by donheff View Post
The article points out that while this would be a shock to the system initially, the long term effects would be very positive. I particularly liked this one:

"The typical retirement age would probably drop, increasing demand for workers and perhaps boosting wages."

So I guess early retirees aren't selfish anymore - we just increase demand for workers.
Exactly! ER is a win-win for everyone!
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