Young people also risk depleting their savings during their working life as they continue to rent before buying a home, potentially offsetting any benefits of forced saving through compulsory superannuation.
It has been shown already that it is very questionable whether forced saving can ever achieve more than to counterbalance a part of the capital consumption generated by the boom.
He was also aware of the relevance of forced saving, propensity to consume, the saving-investment relationship, and other matters that form the content of modern income and employment analysis.