Rich Retirees Are Hoarding Cash Out of Fear
> "As a result, millions of Americans are living too frugally"<p>WTF, really? Reminds me of Edward Bernays [1], the "father of public relations", who set out to help Americans become materialistic (and succeeded!).<p>If someone is enjoying their life without blowing all their money, that person is BETTER off. It's just corporations that want to suck the money away from them that need to "train them to spend."<p>[1] <a href="https://en.wikipedia.org/wiki/Edward_Bernays" rel="nofollow">https://en.wikipedia.org/wiki/Edward_Bernays</a>