- The aging population drove a steady rise in retirees over the past decade. The pandemic accelerated this with a surge in those opting to retire sooner than previously expected.
- After two years of debt-addition and extreme price inflation in homes and corporate securities (equities and debt), households are now more risk-exposed than at any time in decades, just as the downcycle itself is poised to be larger and longer than average.
- Unfortunately, value-indiscriminate buying and passive holding on the way up lead to value-indiscriminate liquidation after bubbles burst. It’s often only then that people realize the lasting ramifications of their losses.
For further details see:
Retirement Plans For Reappraisal As Asset Prices Fall