Friday, July 30, 2010

Baby boomers - old age bust

The Retirement Nightmare: Half of Americans Have Less Than $2,000 Banked for Their Golden Years

With declining earnings and a culture of borrow-and-consume, America's workers face a future of uncertainty and little money to pay for their retirement. 
Comment: Strange things have happened to the American dream. First the American public was fed with pride and arrogance and then when even the common man deemed himself at top of the world, the great rip-off happened, the great expropriation took place. Rarely in history have so many so light-heartedly rendered their savings to the predators. 

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