2mo ago

Are the wealthy less worried about old age?

www.brookings.edu

Wealth alone doesn’t eliminate financial worries in old age. Factors such as pensions, health care, inequality, and cultural attitudes are key in shaping old-age security.
Financial worry transcends income levels and geographic boundaries. Even in wealthier countries, gaps in social safety nets and financial literacy can contribute to insecurity about old-age finances.

3 comments

Such an out of touch article. Nobody cares about the wealthy
- I remember an article WSJ put out in ~2010 about the burdened cost of a Manhattan family who had two 750k salaries by listing out their costs which included a madi, childcare and private school for two kids, two cars (in NYC!), etc. "everyone is scraping by" was the general thrust. So myopic.

(folks the title is a bit off but read the actual article)