Negative rates doesn't change the reality that retirees need to save money. It just exacerbates the situation. Negative interest rates could cause even more a

Negative rates doesn't change the reality that retirees need to save money. It just exacerbates the situation. Negative interest rates could cause even more aggressive saving as people need to hold on to every last little penny they own. When you know that you're bank account will have less and less in it in the future, saving even more in the present day becomes even more important. If I was a retiree in germany right now, I'd cut as much of my spending to almost nothing and wait for this ridiculousness (negative interest rates) to stop.