Yep. Many will not be able to afford to retire in the manner they had planned. If they are lucky they will be able to keep a job past retirement age. If so, they will limit the promotion potential for their younger co-workers as a result. The pain will be felt beyond the group which reaches retirement age.
And don't even get me started on the Social Security and Medicare issues. If those programs survive they won't be worth much to anyone once the dollar implodes.
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"The demographic implications are enormous."
Nov 21 10:02 am
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All Comments by Smarty_Pants »Calling a Depression [View article]
Yep. Many will not be able to afford to retire in the manner they had planned. If they are lucky they will be able to keep a job past retirement age. If so, they will limit the promotion potential for their younger co-workers as a result. The pain will be felt beyond the group which reaches retirement age.
And don't even get me started on the Social Security and Medicare issues. If those programs survive they won't be worth much to anyone once the dollar implodes.