The Retirement Crisis

Nonfiction, Social & Cultural Studies, Political Science, Politics, Social Security, Business & Finance, Personal Finance
Cover of the book The Retirement Crisis by Scott Thorpe, Scott Thorpe
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Author: Scott Thorpe ISBN: 9781605740157
Publisher: Scott Thorpe Publication: May 30, 2011
Imprint: Smashwords Edition Language: English
Author: Scott Thorpe
ISBN: 9781605740157
Publisher: Scott Thorpe
Publication: May 30, 2011
Imprint: Smashwords Edition
Language: English

Every day for the next twenty years, 10,000 baby boomers will retire. Paying for the boomers retirement will cost an additional 10% of GDP, the equivalent our current spending on the military, public education, and all colleges and universities. This is an enormous sum, but most boomers have not saved enough to support themselves. Instead they are depending on governments that are in even worse financial shape. The Retirement Crisis details how bad the problem is, and how we may resolve it.

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Every day for the next twenty years, 10,000 baby boomers will retire. Paying for the boomers retirement will cost an additional 10% of GDP, the equivalent our current spending on the military, public education, and all colleges and universities. This is an enormous sum, but most boomers have not saved enough to support themselves. Instead they are depending on governments that are in even worse financial shape. The Retirement Crisis details how bad the problem is, and how we may resolve it.

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