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Showing posts from January, 2013

Are Baby Boomers Retiring Only as Metaphors?

We don’t need to examine the Baby-boomer generation too deeply to understand that, as far as retirement goes, they are going to be slower and more cautious retiring during the giant post-recession. Frankly, if I were eligible for retirement in the next 10 years, there would still be no way on earth I would retire early. Having watched the retirement funds and Thrift Savings Plans (TSPs)blown to smithereens by hedge fund gambling, speculation and outright fraud over the past ten years, millions of people who could have retired, can’t and many federal employees who may have entertained the idea, probably won’t.
The psychology is not all that complicated. The U.S. job market has gone from unions having some political and financial teeth up through the 1970s which once required businesses to look at long-term investment and encouragecompensation to keep pace with productivity.This changed in stages.
The first strawcamethroughtrade and market expansion and global competitioncoinciding with e…