What You Need to Know about America’s Economic Future
There is genuine concern regarding the future of America. All may seem fine and dandy on the surface but many do not realise the potential disaster that is brewing beneath.
The country and its people is spiralling into debt. Fiscal policies by the government have so far made no effort to address this. To make things worse, several controversial move by the current administration, like going to war in Iraq, have further elevated situations to beyond critical.
What the book is particularly concerned with is the coming 10 years down the road when the first batch of baby boomers will start to retire and withdraw their pension money. Too may people will be chasing to little money, and too few economically active citizens will be available to support such a high number of retirees. This singular event would have a slow but devastating impact on the stock market.
A good and intriguing read condensed within 302 pages of a hardcover.
Tuesday, October 23, 2007
The Coming Generational Storm
Posted by Editor at 8:46 AM
Labels: Laurence J. Kotlikoff, Scott Burns
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