The Phaserl


The Failure of Retirement

from The Daily Bell:

Gen X Has New Reason to Resent Boomers as Retirement Looks Bleak … Generation X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects, according to a study. The Pew Charitable Trusts said the typical Gen X couple, born between 1966 and 1975, only has enough savings to replace half of its pre-retirement earnings. Married Americans born during the first part of the baby boom, from 1946 to 1955, can expect to retire with about 82 percent of their income. The younger boomers, born between 1956 and 1964, can expect to quit work and make about 59 percent of pre-retirement earnings. – Bloomberg

Dominant Social Theme: The generations will have to do better … and fight for their own. The heck with other generations.

Free-Market Analysis: In the dominant social theme, above, we’ve tried to illustrate the animosity that often accompanies the analysis of the “generations” in the US and abroad.

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1 comment to The Failure of Retirement

  • 8Ball

    There is nothing wrong with retirement plans if the people that are managing them are honest…

    America has devolved into a nation of con-men, scammers and outright thieves. That is the problem.

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