Quote:
Originally Posted by Escort Rider
While your statement is true enough, you are missing the point. You and your neighbors may be just fine. I am fine too. The problem lies not with those of us who are already retired, but with those who are coming after us. The Great Recession of 2008 did quite a number on a lot of people, and the job market is still not fully recovered and may never be.
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I agree on the job statement however, my IRA took a hit of about 1/3 or its value. Since then it has recovered completely and actually is gaining.
The biggest hit most are taking is in the value of their homes.
I think those coming
directly after us will be affected. Those down the road a few years will be fine.
I almost lost my house, I did loose all of my IRA, during the 80's recession.
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