Boomer Retirees Are Safe But Later Generations May Face Financial Struggles

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Boomer Retirees Are Safe But Later Generations May Face Financial Struggles
CNN.com

[Opinion]
Oct. 17, 2006

Excerpt: The more than 78 million baby boomers approaching retirement face a financial landscape that offers reasons for hope, but the generations following them have reasons to worry. There are signs of trouble on the horizon: Retirement costs are going up as life expectancy increases; the long-term solvency of Social Security is in question; traditional pension plans are disappearing; and the national savings rate has been negative since early 2005.

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