Greg Ip quote

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
Greg Ip

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People, Result, Pressure, Down, Saving, Drawing, Rates, More, Could, Prices, Put, Consumption, Retire, Drops, Sharply, Years, Stock, Than, Stop, Upward, Interest, Interest Rates, Acquired, Much, Income, Assets, Downward, Start

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Ambrose Bierce, Dave Barry, Erma Bombeck, Hunter S. Thompson, Mignon McLaughlin, Walter Cronkite, William F. Buckley, Jr., William Lloyd Garrison
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