Yet another depressing story about the state of our economy. The average baby boomer has about 1/3 of the savings necessary to retire at the age of 65. Regardless of the reasons why, this is a sobering statistic and a reality check for many people.
Fortunately for these people, they have social security to assist them. I firmly believe when I reach the age of 65 social security will either no longer exist, or the benefits will be reduced greatly. It will be interesting to see what happens the next decade.
