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by bionsystem 1258 days ago
It's too hard to swallow for most people but you're right. There are significant headwinds coming ahead for most markets whilst productivity gains have stalled. See Robert J. Gordon's paper "IS U.S. ECONOMIC GROWTH OVER? FALTERING INNOVATION CONFRONTS THE SIX HEADWINDS".

I really think millenials should consider hedging their bet, maybe even spend 100% of their income.
1 comments
Thorrez 1257 days ago
How would spending 100% of their income be hedging their bet?
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bionsystem 1257 days ago
I meant "or", either hedge their bet OR spend 100% of their income (or a larger % of their income) beyond some safety cushion.
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