The Retirement Crisis - Scott Thorpe

The Retirement Crisis

By Scott Thorpe

  • Release Date: 2011-05-30
  • Genre: Public Administration
  • Size: 435.12 KB

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Every day for the next twenty years, 10,000 baby boomers will retire. Paying for the boomers retirement will cost an additional 10% of GDP, the equivalent our current spending on the military, public education, and all colleges and universities. This is an enormous sum, but most boomers have not saved enough to support themselves. Instead they are depending on governments that are in even worse financial shape. The Retirement Crisis details how bad the problem is, and how we may resolve it.