The financial effects would be immediate and extreme. All sorts of mad things would happen to stock prices, inflation, interest rates, etc. The people who quit their jobs to live off their savings might well find that their savings don’t stretch as far as they thought, which is probably a good thing since the whole system would collapse much faster than five years if a significant proportion of people were to quit their jobs.
The financial effects would be immediate and extreme. All sorts of mad things would happen to stock prices, inflation, interest rates, etc. The people who quit their jobs to live off their savings might well find that their savings don’t stretch as far as they thought, which is probably a good thing since the whole system would collapse much faster than five years if a significant proportion of people were to quit their jobs.