Tuesday, Oct 21, 2008
Do we have a Randi Wasik in the UK? It's her name stupid!
Boston Herald: Baby Boomers go bust as retirement savings tank
The Wall Street calamity that obliterated $2 trillion in retirement savings nationwide has left Bay State baby boomers with shattered careers, retirement plans and hopes.
“It’s like a kick in the gut right now,” said Deborah Banda, state director for AARP Massachusetts. “Many, many people are hurting.”
Boomers are especially hard-hit. There are 76 million Americans between the ages of 44 and 62. An AARP survey of 1,628 employed Americans ages 45 and older found that 65 percent said they will delay their retirement if the economy does not improve. Just 37 percent of survey respondents said it is likely they will save more for retirement.
Randi Wasik and her husband, Larry Gundrum, were struggling amid the fiscal slowdown even before the economy collapsed into a global financial -
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