Retirements in jeopardy for boomers.

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12-28-2010, 04:15 AM

DYNASTY HVY

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Retirements in jeopardy for boomers.

Pretty sad when someone works their whole life and when retirement comes they have little or nothing to show for all that work.

Baby boomers facing retirements in jeopardy - Business - Your retirement - msnbc.com

12-28-2010, 07:21 AM

Thedude

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Quote:

Vanatta was laid off last January from his $100,000-a-year job as a sales executive for a turf company. And with savings of just $5,000, he's on a budget for the first time.

Need I say more

12-28-2010, 07:54 AM

likeitis

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Boo fricken hoo. The past 30 years that the boomers have been in control they have destroyed the middle class, pushed trillions of dollars of infrastructure updates to the next generation and bankrupt our society. And now they are crying because they didn't save any money for retirement?

12-28-2010, 08:20 AM

Grumble

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If hurricane Katrina taught us anything (or those that thought otherwise) the only person you can depend on to take care of you, is you.

If you're planning on the gov't to take care of you, that's your fault.

12-29-2010, 04:32 AM

DYNASTY HVY

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Originally Posted by Grumble

Exactly, unfortunately some people make the same mistakes over and over again.

12-29-2010, 11:33 AM

Grumble

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Quote:

Originally Posted by DYNASTY HVY

Exactly, unfortunately some people make the same mistakes over and over again.

It's called "Normalcy bias." The idea that because something has never happened, there's no way it could. i.e. the impending collapse of the US Dollar.

12-30-2010, 05:48 PM

DYNASTY HVY

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Quote:

Originally Posted by Grumble

It's called "Normalcy bias." The idea that because something has never happened, there's no way it could. i.e. the impending collapse of the US Dollar.

Is 'Normalcy bias ' another way to claim ignorance ?

12-30-2010, 09:06 PM

tomgoodman

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Quote:

Originally Posted by Grumble

It's called "Normalcy bias." The idea that because something has never happened, there's no way it could. i.e. the impending collapse of the US Dollar.

Then there's the "Abnormalcy Theorem": If something has never happened, it's overdue.