EconWatch.com > Lawrance G. Lux: The New Economy
[Lawrance G. Lux] 1) The $400 Billion in Baby Boomer Savings: There will be practically no real Savings to the Generation as a Whole, as Unemployment rates of Boomers will chew up a lot of assets. The Net Effect of Boomer Retirement will that the Boomer Generation will still be unprepared for Retirement.
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[William Canak] “A fine line”¦.”: The Bureau of Labor Statistics has just released a report based on the National Longitudinal Survey of Youth 1979, a survey of 9,964 men and women who were ages 14 to 22 when first interviewed in 1979 and ages 41 to 50 when interviewed most recently in 2006-07. These late boomers, born between 1957 & 1964, have been a restless lot.
[Cafferty File] Cafferty File: Tell Jack how you really feel Blog Archive - More ...: American’s have no choice but to look to their costitutional right to a second chance, that is, bankruptcy. The law may have changed to accede to granting the consumer credit card companies rights equivalent to income tax labilities (the only creditor class to enjoy such prioirty of claim on an estate of a consumer –not so for commerical bankrutcies), but consumers who find their mortgages under water and were likely to personally guarantee a shortfall so lender could make them more salable to third parties, have no alternative to throwing themselves upon a court of equity (as opposed to a court of academic law), in the hope of getting their constitutionally guaranteed second chance.
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