[BITList] capitalism

[x50type at cox.net]

          ain’t capitalism great.....?

          Pension eliminated 5 years ago.
          Personal investment tanked.
          Home lost more than half its value.

          99% lose – 1% win................

          ct

          Baby boomers' retirement plans are changing in shaky economy
          Published: Saturday, October 29, 2011, 9:00 PM 
           By The Associated Press 

          Many baby boomers say they're likely to stay put in retirement amid a shaky economy. Those who hope to buy a new place are looking for a smaller home somewhere with a better climate that's more affordable and close to family, a new poll finds. 


          Baby boomers who hope to buy a new place in retirement are looking for a smaller home somewhere with a better climate that's more affordable and close to family, a new poll finds.
          The 77 million-strong generation born between 1946 and 1964 is increasingly worried about retirement and their finances in light of the economic crisis of the past three years. Just 9 percent say they are strongly convinced they'll be able to live comfortably they retire, according to the Associated Press-LifeGoesStrong.com poll. 

          Shelley Wernholm, a 47-year-old single mother of two who works for a health insurance company in Cleveland, said she wanted to retire and move to a new home by the time she turned 60. But her pension was eliminated five years ago, her personal investments tanked during the recession and her home of 21 years has lost more than half its value. 










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