Sunday, March 11, 2012

Who spent your retirement?

Via Instapundit, an interesting article for Baby Boomers planning to live to 80 (or retire before then).
Who's going to pay for your retirement? Because the money's gone and no one young can afford to buy what you need to sell.
It may be unfortunate that this upcoming generation was unavoidably destined to take on debt, and that it was only a question of whether the student loan industry or the mortgage industry yoked them in first. But it appears that student loans won the race to reach their prey, which is bad news for Boomers seeking to sell their homes in 2015-20.

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