Poorly prepared Boomers retiring means hard times for them and for America

Summary: Two new reports warn us about the predictable but so far ignored consequences of so many Boomers' retiring with low savings, no pensions (other than SS), large debts -- and long expected lives ahead. Unless we act, the effects will prove painful for not just them -- but also on asset prices and US … Continue reading Poorly prepared Boomers retiring means hard times for them and for America

About the morality of saving

Summary:  Suddenly everybody has got financial religion.  End the deficits!  Pay down the debt!  Increase saving!  What does this mean for our future?  My guess:  not much.  Except to delay necessary action.  This post has some exaggeration for emphasis. Bad news for the faithful:  saving is not like chastity or fidelity.  Every young girl can be chaste.  … Continue reading About the morality of saving