Inflation: A Greater Threat than Unemployment

Inflation is the greatest threat to unemployed retirees. Since the Great Depression, unemployment has been seen as both a local issue and the most dangerous ailment of modern society and the economy. It can be assumed that under a solidarity pension system, inflation has taken its place. Inflation poses the biggest threat to unemployed retirees and workers over 50 who are not interested in the declining purchasing power of pensions. These two groups make up the majority of the adult population. Under a solidarity pension system, this majority is interested in preventing inflation. These real voters, concerned about rising inflation, are the main "interest group" in the American political system and a powerful political force. For "voters" from pension funds, i.e., retirees and older workers, unemployment is a much lesser evil. TIP OF THE DAY: Do you agree that inflation is a more serious problem than unemployment?