“It used to be that you could count on two pensions – social security and a pension from your employer. But now work-related pensions are an endangered species and Social Security is under assault from a lethal combination of Wall Street’s insatiable greed and the pernicious philosophy of Ayn Rand.”
From AlterNet, the clearest explanation of the economics of retirement and why it is getting so difficult. I know I’m not the only Boomer who plans on working well past 65. This helps explain why, and points to an even more challenging retirement for our kids.