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Politicians Beware: The Boomers Are Coming and They Won't Play Dead

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Politicians Beware: The Boomers Are Coming and They Won't Play Dead

Post by Guest on Sat Oct 01, 2011 9:57 am

The vibrant America they were instrumental in building over the last three decades is slipping away. The promised golden years are looking tarnished, and may turn out to be a mirage. Their home values have collapsed, they have scant savings, high debt, and diminishing 401K's as they draw on their retirement funds to pay for their children's education and other expenses. Others can only shudder over threats to their pensions as municipalities declare bankruptcy. And the boomers are right to worry about losing their jobs as the recession lingers and more and more jobs are shipped overseas. While economists tell them they may have to work till they drop they wonder how that will play out, even if they choose to continue to work, when over 9% percent of the population is unemployed and unemployed workers over age fifty are the least likely to find jobs.


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