Do Old People Spend More Than Youths?
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Re: Do Old People Spend More Than Youths?
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- IgnisRhapsody
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Some economists like Thomas Pickety say that the ownership of capital always produces a far greater income than career advancement and technical skills. In other words, property owners - who usually belong to the older generations - will always have greater yearly income than those who live entirely off of their labor.
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Yes, exactly! You understood my point.Kenneth Onyenwe wrote: ↑04 Aug 2022, 17:50I agree with your point. Most times, old age comes with alot of sickness. Seeing a doctor is not free hence, it is likely that old people spent more than the youngVictoria Ukamaka wrote: ↑19 Jul 2022, 09:54 I don’t think it is because they will spend more at that time than they are currently spending at a young age. It is because they are likely to work less and earn less due to their declining age and health.
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Luxury aside, mostly elderly people do have to spend more at the hospital if they haven’t been taking care of themselves.
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Yes, more money is likely spent in older age.
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