25 Bitter And Painful Facts About The Coming Baby Boomer Retirement Crisis That Will Blow Your Mind
source: http://theeconomiccollapseblog.com/archives/25-bitter-and-painful-facts-about-the-coming-bab...
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- Revelation1217
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For decades we were warned that when the Baby Boomers started to retire that this country would be facing a retirement crisis of unprecedented magnitude. Well, that day has arrived ladies and gentlemen. Back on January 1st, the Baby Boomers began to retire and more than 10,000 of them will be retiring every single day for years to come. Most of them have not saved up nearly enough money for retirement. At the same time, private sector pension plans are failing all over the place, hundreds of state and local government pension plans from coast to coast are woefully underfunded, and the Social Security system is on the road to complete and total disaster. A massive wave of humanity is hitting retirement age at a moment in history when the U.S. economy is coming apart at the seams. We do not have the resources to keep the promises that we made to the Baby Boomers, and most of them have not made adequate preparations for retirement. What we have is a gigantic mess on our hands, and millions of Baby Boomers are going to find retirement to be very bitter and very painful.
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WillNotBeSilenced [removed]
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And those millions of Baby Boomers have nobody to blame but themselves. It is this generation that has spent and borrowed the nation to the verge of collapse. They are the ones who have filled Congress for the previous couple of decades, it is they who undid all the safeguards FDR introduced and it is they who have brought death and destruction to untold numbers across the globe. And all because the wealthiest nation in history just had to get even wealthier, the greed and sense of entitlement this generation exhibited is staggering.
- 6 months ago
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WillNotBeSilenced [removed]
