Inflation was likely always in the cards not just here in the U.S. but inevitable as people quit their jobs rather than die of the Delta variant of Covid. People over 50 years of age looked at the statistics and thought to themselves: "I'd rather live to retire than die this age working." So, those that could afford to took early retirement and retired.
Because here are the statistics 75% of deaths are over 65 in U.S. and 21% of deaths are over 45 to 65.
So, if you are under 45 you ONLY have a 4% chance of actually dying of covid. But, if you are 50 or over it doesn't look good.
This much cange in society of people trying to stay alive is going to cause inflation simply because of the numbers of people retiring all at once.
And this is being repeated in nation after nation worldwide of people who are fortunate enough to have enough so that they can retire and stay alive simply retire younger than they would have before.
Does this mean that many won't come out of retirement if Covid ever ends?
No. Many people likely will rejoin the workforce and come out of retirement if Covid actually ceases to be the threat that it now is.
But, Kazakstan might collapse as a government and many other nations also might collapse as governments including China and others the way this is presently going because of the way some countries are dealing with Covid.
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