When people retire, their income drops much more sharply...

When people retire, their income drops much more sharply than their consumption. As a result, they stop saving and start drawing down the assets they've acquired during their high-saving years. That could start to put upward pressure on interest rates and downward pressure on stock prices.

Greg Ip Quote About Acquired, Assets, Downward, Drops, Income: When People Retire Their Income...

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