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Oh dear - all rather grim isn't it.. maybe there is a case for not retiring or finding other ways to bring in income anyway? xx
Interesting that you saw it as grim. I saw it as thought provoking. Perhaps it is the difference between facing retirement in the US vs. the UK. That would be an interesting discussion I think!
I had to laugh when I read the comment from the guy who blames the baby boomers. He's only 28 and already assumes he will never be able to retire!The highlight comments from the article seem pretty one-sided, especially when there were over 700 responses. The bottomline for most of us is that we can not rely on the gov't..we must save for ourselves. I know we'll retire, it's just a matter of when. We are still young enough to be productive, and as long as I have my health I plan on working.
That was a funny comment - I think the baby boomers blame others LOL. My sons (29 and 41) don't talk about retirement to me except for the fact that they believe social security will not exist for them. They aren't angry though. I really feel sorry for those near or in retirement who didn't/couldn't save anything and are relying only on SS.