its a double whammy....
tell the young people ...WORK FOR THE GOVT IN SOME WAY....
Triple whammy, since this generation is heavily indebted to finance its education.
its a double whammy....
HUGE Point here! A good chunk of Baby Boomers will be retiring from companies and collecting pensions along with SS. I have a relative that is in the Retirement window. He was not wealthy during his working life. But he is collecting on one pension already (police). He already has a second pension that he is going to be receiving when he retires in a few years. And he will be getting full SS benefits after that.
I used to worry about how he and his wife were going to make it when he is too old to work. Then he explained it to me. I hope I can retire that comfortably some day.