Sunday, November 22nd, 2009

Posts Tagged ‘ social security crisis ’

Baby Boomers’ Retirement Plans On The Ropes

Oct 30th, 2008 | By Bill Bonner | Category: Politics & Economics

Public pension funds are some of the biggest casualties of this market slump. The New York state pension fund has lost 20% of its value since April. This is more bad news for baby boomers, says Bill Bonner. This generation is already “woefully ill-prepared for retirement” and could end up causing the “fiscal meltdown of this nation”.