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America Is Not Prepared for the Boomers' Retirement
The Washington Post; subscription may be requiredLink to more items from this source
Dec. 27, 2005
Excerpt: When the oldest boomers retire, the federal government, with its huge deficits, will be gushing red ink. That, in turn, will put the squeeze on social programs that aid many older Americans, especially low-income individuals. Worse yet, many boomers will go into retirement with only modest savings. According to a recent study , half of American workers over the age of 55 have saved less than $50,000.

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