Promises made by advanced economies are fiscally unsustainable during zero growth, Hanno Lustig notes

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Promises made by advanced economies are fiscally unsustainable during zero growth, Hanno Lustig notes — Zero growth endangers fiscal stability

Hanno Lustig highlights that governments in advanced economies have made numerous risk-free commitments, such as Social Security, Medicare, and Medicaid in the U.S., which do not diminish even when economic growth slows or stops.

According to Lustig, while these government promises remain constant, tax revenues can fall significantly in periods of zero growth, leading to serious fiscal challenges.

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Lustig has previously reported that passive investors faced hidden fees of 15 to 30 basis points when Yahoo joined the S&P 500 in 1999. He also noted that FTSE Russell will accelerate SpaceX’s index inclusion, a move expected to increase passive investment flows. These past observations focus on the structural effects of index changes on investors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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