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How bad would it really be if the world markets crashed? https://www.rnz.co.nz/news/world/451955/world-shares-sink-as-china-evergrande-contagion-fears-spread I guess it'd decimate overleveraged folks who need to have their risk tolerance reset, and might have unfortunate effects on some retirement/pension funds which would be very sad...
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@lightweight I'm not sure about NZ, but in the USA, where Social Security and Medicare are insufficient props, it'd be a disaster for a majority of the older population. Pensions are virtually nonexistent, and even those that had them are already being hit hard by medical costs. The average 401k crowd is already in much worse shape. Pensions at least have a (poor) safety net in the PBGC.
