, Columnist
A Bigger Stocks Dilemma Lies Beyond the Pandemic
Demographics and the rising cost of funding retirement may have profound effects on valuations.
If inflation takes off, valuations will decline and pensioners will lose.
Photographer: Spencer Platt/Getty Images
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Let’s start with an assumption many of us would love to make. We are two years into the future, and the pandemic, one way or another, is over. It is no longer having an effect on longevity and public health, and it is no longer affecting economic activity. How will it have changed our attempt to save for retirement? What will be its long-term effects?