RE: Secular Deflationary Cycle: Do Not Get Thrown By Short-Term Moves
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So if the old people don't spend money like the young people, won't this mean the future is slightly more inflationary? I know the old people aren't use to online payments or technology in general. For the most part, I agree that we are in a deflationary environment.
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Definitely I agree with you on this,the fact that they don't know how technology works like the young people don't means they don't understand how things works too.
How is that inflationary? When people do not spend, that causes economic contraction which is deflationary, not inflationary.
With less younger people, spending on kids (the most costliest of events), is reduced.
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Well I guess there is also that point of view. I was more in the view that people's habits on spending would not change so it means the people dying off would stop saving and the others would still be spending just as much.
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