Some people would be better off, a few much, much better off. Most people would be worse off. And for some people it would be catastrophic
If everyone were magically given the chance to grab their next 10 years of salary in one lump sum today — such that they could invest it to a potentially significant advantage, or blow through it while still facing a decade of work obligations — would they be better off overall?
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That’s called a mortgage.
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If they had discipline: better, because they can invest the lump sum and take a distribution, thus increasing their income by the time value without requiring any behavioral changes.
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maybe it should be, the average impact of everyone having the option of taking 10 years salary, if they were the only individual allowed to do it.
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Do you mean would most people take the invest it/blow it route? Or whatever their choice would that result in them being better/worse off?
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It's whether the population is better off, given your prediction about the distribution of choices people will make.
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I would be better off, the rest of you I don't know...
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