Quote:
Originally Posted by MarchHare
I would never suggest that forced retirement at a given age is an appropriate solution to the gray ceiling problem. I'm not even sure if there is an appropriate solution; its existence is just another data point in a long series of data points that shows that Gen X and Gen Y will be worse off financially than the baby boomers were.
The ideal scenario would be if the boomers as a collective group had been more financially responsible throughout their careers and had saved more (see my earlier post - 45% of Canadians aged 50-59 have less than $100k in retirement savings). If their generation had been better at managing their money, they could afford to retire without so many of them being forced to work past 65. It's far too late to right that ship now, though.
|
I hope the current generation learns from our mistakes. What I see and read in the news doesn't give me much hope on that.