alt Hacker News> At the end of the day, everyone's retirement is tied to the SP500 and it will always go up.
Not when more retired boomers are pulling more money out than GenZ/Alphas are putting in.
Replies
You are not taking into account foreign investors. Plenty of countries have a healthy population pyramid and are quickly industrializing.
That’s literally impossible. The market requires a buyer and a seller. If the retired boomers pull their money out, it’ll move the markets to a place that is attractive and affordable for the Gen Alpha.
Indexes are essentially 'the rich getting richer'. Great news for wealth disparity if true. But I suspect boomer inheritances will become intergenerational wealth given average number of children and rising age people inherit at.
> retired boomers
That isn't where the money propping up the SP500 is coming from. It is a ponzi scheme, yes. It is held up by $40,000,000,000,000 in national debt. That can is getting kicked down the line to one or two generations that haven't been born yet.
You and I don't need to worry about it because we will be long gone by then.
All we know is that Elon isn't getting any more freshly minted currency.