Thanks for the contribution!
For me, I favor the pharmaceutical and medical sector.
Regarding the first point, tourism: I'm not so sure here. The pension (snowball😅) system is becoming increasingly unstable, I see some potential for conflict between future payers and pensioners.
Will the majority of senior citizens be able to afford many more trips? And for the young, if the already very high tax burden becomes even higher, how much will be left over for tourism?
In the background, we also have the issue of climate change, CO2 taxes, etc., which tend to make (the usual) trips more expensive.
For me, I favor the pharmaceutical and medical sector.
Regarding the first point, tourism: I'm not so sure here. The pension (snowball😅) system is becoming increasingly unstable, I see some potential for conflict between future payers and pensioners.
Will the majority of senior citizens be able to afford many more trips? And for the young, if the already very high tax burden becomes even higher, how much will be left over for tourism?
In the background, we also have the issue of climate change, CO2 taxes, etc., which tend to make (the usual) trips more expensive.
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@Malte123 Thank you for your comment! And yes, you raise a very important point. I had initially planned to include the foreseeable distribution conflicts between young and old as part of the article - but then it became too long. It might be something for a separate article.
I do indeed see dark clouds on the horizon for young people.
However, the older people were able to take advantage of the good years (e.g. in Germany: lower tax progression, lower social security contributions...), so I think there are some assets available.
Unfortunately, I couldn't find a pure play tour operator with a focus on older people. You're certainly right: if the old are booming but the younger ones can afford less and less, you probably won't have a high-flyer in tourism.
I do indeed see dark clouds on the horizon for young people.
However, the older people were able to take advantage of the good years (e.g. in Germany: lower tax progression, lower social security contributions...), so I think there are some assets available.
Unfortunately, I couldn't find a pure play tour operator with a focus on older people. You're certainly right: if the old are booming but the younger ones can afford less and less, you probably won't have a high-flyer in tourism.
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•@Money-Man yes, please make an article about this, it would be very interesting!
I'm a little worried about that too.
If we look at the past, it would actually be time (again) to start new wars in such socially conflict-ridden times and channel the accumulating energy to the "outside". Reasons that justify something like this could always be found back then.
But in this case, this would actually exacerbate the problem, because who mainly fights and dies in a war? The young people. So even fewer contributors.
If you can't stomach cynicism, please stop reading now:
Alternatively, a new pandemic? Older people tend to be more susceptible.
Something will happen soon, humanity always likes to go for each other's throats.
It's true that (soon-to-be) older people have taken the fat years with them, but due to poor financial education I would argue that the majority are still dependent on a good pension.
All in all, very interesting but also difficult times.
I'm a little worried about that too.
If we look at the past, it would actually be time (again) to start new wars in such socially conflict-ridden times and channel the accumulating energy to the "outside". Reasons that justify something like this could always be found back then.
But in this case, this would actually exacerbate the problem, because who mainly fights and dies in a war? The young people. So even fewer contributors.
If you can't stomach cynicism, please stop reading now:
Alternatively, a new pandemic? Older people tend to be more susceptible.
Something will happen soon, humanity always likes to go for each other's throats.
It's true that (soon-to-be) older people have taken the fat years with them, but due to poor financial education I would argue that the majority are still dependent on a good pension.
All in all, very interesting but also difficult times.
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