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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (7911)1/6/2003 12:07:36 PM
From: RealMuLanRead Replies (2) of 306849
 
>>but you must also remember there was not the social "safety" net in place that we have today....<<

This is true for now, and maybe in the next 10 years or so. But for the majority of baby boomers, the social safety net would not be there when they need the most. The Fed. government may never return those bunch of IOUs in Social security fund, at least not without higher taxing and undercut the benefit. And what about those who have pension? It is estimated by 2002, the amount of underfunded pension plans for the 360 some Fortune 500 companies are as high as $200 billion. Yeah, it is true this would improve when the stock market goes back up, but when does it recover, and by how much?
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