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Stan Druckenmiller Sees ‘Massive’ Problem Caused by Aging
Billionaire investor Stan Druckenmiller said an aging population will present a “massive, massive problem” in 15 years. “The young people are not going to be talking about cutting back,” Druckenmiller said at a New York event hosted by Addepar, a technology company that provides software to financial advisers, fund managers and family offices. “There will be nothing to cut back.” Druckenmiller, 61, has argued for several years that the mushrooming costs of Social Security, Medicare and Medicaid will bankrupt the nation’s youth and eventually result in a crisis worse than the financial meltdown of 2008. ... (full story)