Seems out of kilter with my limited understanding of economics but then economics has so many variables, types and goal posts that need shifting I’ll never keep up!
It is a bit crazy as folk will then chase ever and ever more risky ways of making a return on their savings, or spend them. Either works for the gov. I guess – either way they don’t have to back savings that aren’t there, and the spending will maybe push an economy forward (over the cliff).
[Edit: what’s the outcome of spending savings though, if at least in part it’s protection against requiring caring for in old age.. oh, yes, we’ll become a burden on the state, that’s a great idea 🙂 ]