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Why the Retirement Train Wrecked
The Retirement Cafe 
Sept. 7, 2016
"[L]ife expectancy at birth has increased from 47.3 years in 1900 to 68 years in 1950 to 78.2 years in 2009.... A second contributor has been the stagnation of middle class incomes over the past 30 years.... A third contributor to the train wreck is medical cost inflation.... A final contributor ... has been under-saving by Baby Boomers.... Corporations stopped pooling retirement risk for us and left us to handle it on our own. This put a tremendous savings burden on the middle class. Costs went up dramatically while incomes remained flat, so there wasn't much left to save. We enjoyed longer lifespans so retirement costs even more. Most of us had no idea this was transpiring."
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