Quick Tidbits

With the election coming, no telling what will happen Monday and Tuesday, so we'll all just go along for the ride.

Here's a story I just started reading. It's fascinating and sobering. The full story link is below. Be sure to look at the graph on page two showing household debt compared to savings percentages.

Here is just one paragraph:

It’s clear that all Baby Boomers are not created equal. Based on calculations made by the Federal Reserve, at least 50% of Boomers won’t have a happy retirement. The bottom 30% will reach the age of 65 with a net worth of less than $100,000. They will try to subsist in poverty, dependent upon Social Security and part time Wal-Mart jobs until they die peniless. The top 30% will retire to lives of luxury and leisure. The middle 40% will muddle through with on Social Security payments - the only thing keeping them from an old age in poverty.

http://www.minyanville.com/articles/WMT-HD-YUM-bbi-GDP-SHLD/index/a/19789