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by benj111 2672 days ago
No because instead of retiring at 60-70 and having a 40+ year career, you have a <20 year career, so twice as many people can get a bite at your career cherry, rather than subjecting half the population to under employment, low pay etc.

Plus large percentages of the population living in debt, and paycheque to paycheque isn't particularly sustainable. So everyone having lots of savings would add stability.