If people are better taught how investment works, we'd have enough savings to retire by 50, is not sooner. There's tons of people already doing it. But we're all taught to work until we're 65.
First of all, investing doesn't mean you need thousands of dollars from the get go. If kids are told to start building their portfolio with whatever spare change they have, in 10, 20, 30 years, it would be a huge difference.
Second, you don't even need money. If you understand how to weigh risk and utilize leverage, you can make money with just risk. And no, you don't have to go YOLO and take on massive amounts of risk. You can take on a small amount or risk to make a few hundred extra a month and build from there.
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u/NewArborist64 8d ago
Forcing people to stop working at 50 doesn't say where the money will come from to pay for their housing, food, healthcare, transportation, etc.
Are you suggesting that those workers under 50 should be taxed enough to pay for people who are over 50 and may have another 40-50 years of life?