2008-06-19

Will youngest boomers go broke?

They're raiding 401(k)s, falling behind on monthly payments and even going without medical care in efforts to keep afloat financially, the AARP warns.

woes that are forcing homeowners into foreclosure, choking spending on nondiscretionary goods and driving up credit card bills may claim another group of victims in the coming years: broke baby boomers.

http://articles.moneycentral.msn.com/RetirementandWills/CreateaPlan/WillYoungestBoomersGoBroke.aspx

What a horrible incident that is happening.....

and now seems more clear what they state in the book "Why We Want You To Be Rich":

"so you could be part of the solutions, not part of the problems."