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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (50335)5/25/2004 8:00:18 PM
From: RealMuLan   of 74559
 
elmat, the problem with this article is that it talked about the Boomers as a collective group, while as a matter of fact, they are not. And it also avoided to mention about the mess of Social Security fund and Medicare. Because a lot of boomers retirement are counting on those (only less than half of ALL US workers have retirement benefit), and if those federal programs bankrupt or even just reduce part of benefit (the scenario seems certain to me), then anywhere 30%-50% of boomers would have to work after age 65, not because they like to, but because they have to. Yes, some of the boomers are affluent financially, but not a majority.

And what if the US stock market behaves like it was in the last 3-4 years in the next decade or two? and what would that do to those who have the so-called retirement benefit? I bet a lot of retirement fund would be very under-funded.
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