Quote:
Originally Posted by Jason14h
The people who don't save will have a fully paid off home, and can reverse mortgage, HELOC, downsize and use that money in retirement. Most will be fine, chilling at home having more entertainment options then ever, consuming cheaper goods then ever.
People tend to overestimate (unless they just want to travel a ton) how much they actually need in retirement per year. Or find ways to make side cash in retirement.
People who are saving a ton (and a lot are oversaving for retirement) will probably realize they have a ton more money then needed and either die and leave as an inheritance or use to give their children advantages in life (House downpayments, etc) This will allow their next generation (generally) to have a better chance of being a saver vs a debter.
The people who didn't save will then complain about the wealth distribution which will continue to widen.
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i dont think oversaving is a thing, you are just accelerating your retirement date which is probably the best use of money i can think of