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Boomer retirement could slow U.S. recovery
chicagotribune.com ^
| Aug 22 2011
Posted on 08/22/2011 3:33:07 PM PDT by KeyLargo
Boomer retirement could slow U.S. recovery
CNNMoney
12:02 PM CDT, August 22, 2011
The aging of the U.S. baby boom generation may slow an already weak recovery as boomers sell stocks to pay for retirement, according to research released Monday from the San Francisco Federal Reserve Bank.
Many baby boomers have already sold some assets in preparation for retirement, research adviser Zheng Liu and Mark Spiegel, vice president of economic research, said in the latest San Francisco Fed Economic Letter.
(Excerpt) Read more at chicagotribune.com ...
TOPICS: Business/Economy; Chit/Chat; Reference; Society
KEYWORDS: boomers; collapse; economy; retirement; sell; shtf; stocks; teotwawki
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In my opinion this is one of many factors, but the primary factor of our depressed economy is the socialist in the White House and his regime.
GRANDPA EATS DOG FOOD WHILE OBAMA PARTIES
1
posted on
08/22/2011 3:33:16 PM PDT
by
KeyLargo
To: KeyLargo
Grandpa goes Galt earlier than planned.
2
posted on
08/22/2011 3:36:39 PM PDT
by
Paladin2
To: KeyLargo
Sorry...just the opposite. Folks lost a lot of money a couple years back and are now forced to work....I see people 70 years old who still work to keep what they have.
To: KeyLargo
The fed is full of it as usual. They really think boomers are going to be able to retire anytime soon? By selling stocks?
Dreamers. Just go to any job site, from Mcdonald's to the local road crew and look at all the gray haired workers. Ain't nobody retiring but the upper crust.
To: Sacajaweau
Yep. I plan to be at it when I’m 70 as well.
5
posted on
08/22/2011 3:40:12 PM PDT
by
RitchieAprile
(The Democrat Party is a continuing criminal enterprise..)
To: KeyLargo
I know a lot of laid off 60-somethings who decided to go for early retirement rather than look for work. Some were old enough to start Social Security. Others will start collecting as soon as they are eligible and are now drawing their personal retirement funds.
This economy has been tough on all unemployed, but those closer to retirement age are least likely to find another job and often just start their retirement early.
6
posted on
08/22/2011 3:40:36 PM PDT
by
cc2k
( If having an "R" makes you conservative, does walking into a barn make you a horse's (_*_)?)
To: KeyLargo
To the Obama Blames file we need to add:
Obama blames time
7
posted on
08/22/2011 3:43:11 PM PDT
by
NoLibZone
(Obama is bad luck for the US.)
To: Paladin2
That was me, retired end of 08 and been essentially out of the stock market since 2007. I missed Ben’s QE runup but don’t feel bad about it.
To: KeyLargo
Now it’s the Boomers’ fault. Realli, is that how he and his team is spending their summer vacation, thinking up excuses???
9
posted on
08/22/2011 3:46:36 PM PDT
by
NonValueAdded
(Tagline on vacation, day 3)
To: KeyLargo
It's the fault of grandma and grandpa! I knew it! They've been livin’ large and now they're dragging the whole country down.
They live too long and too well and suck up too much medical care instead of just toughing it out.
Just not enough ice floes when mom and dad can't chew hides anymore.
10
posted on
08/22/2011 3:46:47 PM PDT
by
count-your-change
(You don't have be brilliant, not being stupid is enough.)
To: KeyLargo
Propaganda...For every retirement, there’s a new job opening...That will move people off the unemployment compensation roll or off welfare...Just a shift in payout from one agency to another...
11
posted on
08/22/2011 3:49:24 PM PDT
by
Iscool
(I don't understand all that I know...)
To: hinckley buzzard
The problem is that nobody will hire older workers. What else can they do but take early retirement? It’s a crock.
12
posted on
08/22/2011 3:49:50 PM PDT
by
Pining_4_TX
( The state is the great fiction by which everybody seeks to live at the expense of everybody else. ~)
To: KeyLargo
We obviously need to ship these mooching boomers of to fema camps!
13
posted on
08/22/2011 3:52:33 PM PDT
by
glock rocks
( I like Palin, but < insert PDS here >)
To: hinckley buzzard
"Dreamers. Just go to any job site, from Mcdonald's to the local road crew and look at all the gray haired workers. Ain't nobody retiring but the upper crust."
Agreed for the private sector.
However there are millions of public employees retiring now to a life of luxury with no need to worry about having to work at a real job.
14
posted on
08/22/2011 3:55:06 PM PDT
by
KeyLargo
To: glock rocks
"We obviously need to ship these mooching boomers of to fema camps!"
15
posted on
08/22/2011 3:59:06 PM PDT
by
KeyLargo
To: KeyLargo
This recovery is starting to sound a lot like global warming.
16
posted on
08/22/2011 4:01:06 PM PDT
by
lacrew
(Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
To: KeyLargo
17
posted on
08/22/2011 4:01:54 PM PDT
by
dfwgator
To: dfwgator
"What @$%#@!% Recovery?"
18
posted on
08/22/2011 4:05:26 PM PDT
by
KeyLargo
To: KeyLargo
Many baby boomers have already sold some assets in preparation for retirement It has little if anything to do with "preparing for retirement". Many sold because they either lost their jobs or the market was tanking and they couldn't afford to lose anymore. They also knew that Obama's policies were destructive to the markets. This article is total BS and nothing but a Chicago cover story for their Messiah.
To: KeyLargo
LOL. Oh, I’m a boomer; I just wanted to beat the resident gen-f’ers to the punch.
20
posted on
08/22/2011 4:06:06 PM PDT
by
glock rocks
( I like Palin, but < insert PDS here >)
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