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Was on 60 minutes tonight:
Retirement Dreams Disappear With 401(k)s
(click on the video in the link, 13min)
http://www.cbsnews.com/stories/2009/...n4951968.shtml
I know that some of us have been discussing this re: demographics (high % of people approaching retirement) vs. vaporized retirement nest eggs vs. the future of the stock market due to a psychological change.
Anyway.. as usual.. these shows are years late and not completely accurate, especially in handing out blame. That said, interesting to watch the things that have been discussed unfold -- in a weird sort of car wreck way.
Retirement Dreams Disappear With 401(k)s
(click on the video in the link, 13min)
http://www.cbsnews.com/stories/2009/...n4951968.shtml
I know that some of us have been discussing this re: demographics (high % of people approaching retirement) vs. vaporized retirement nest eggs vs. the future of the stock market due to a psychological change.
Anyway.. as usual.. these shows are years late and not completely accurate, especially in handing out blame. That said, interesting to watch the things that have been discussed unfold -- in a weird sort of car wreck way.