Glimmer of Golden Years Fading for Some. David Lyman.
by Lyman, David; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 45Family. Publisher: Detroit Free Press, 2005ISSN: 1522-3213;.Subject(s): Age discrimination in employment | Baby boom generation (1946-1964) | Class actions (Civil procedure) | Retirement -- Planning | Retirement income | Social securityDDC classification: 050 Summary: "Work is a rat race. We all know that. But retirement? That's more like a greyhound race. Think about it. To make sure the dogs keep sprinting ahead, greyhound race tracks install mechanical rabbits that streak along just out of reach of the pooches. There's nothing those dogs want more than to catch the rabbits. But in reality, they'll never reach the prize. That's how reaching retirement goals feels to many baby boomers--out of reach." (DETROIT FREE PRESS) This article identifies the reasons why "retirement seems so elusive" for boomers: fewer boomers work in "union-protected, relatively high-income jobs, while more people are employed in low-wage positions without 401(k) retirement plans. Other reasons cited include inflation, stock market uncertainty and the inability of Americans to save.| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2006 Family Article 45 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Glimmer of Golden Years Fading for Some, Jan. 14, 2005; pp. n.p..
"Work is a rat race. We all know that. But retirement? That's more like a greyhound race. Think about it. To make sure the dogs keep sprinting ahead, greyhound race tracks install mechanical rabbits that streak along just out of reach of the pooches. There's nothing those dogs want more than to catch the rabbits. But in reality, they'll never reach the prize. That's how reaching retirement goals feels to many baby boomers--out of reach." (DETROIT FREE PRESS) This article identifies the reasons why "retirement seems so elusive" for boomers: fewer boomers work in "union-protected, relatively high-income jobs, while more people are employed in low-wage positions without 401(k) retirement plans. Other reasons cited include inflation, stock market uncertainty and the inability of Americans to save.
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