Comments on: MONEY AND BABY BOOMERS http://wemagazineforwomen.com/money-and-baby-boomers/?utm_source=rss&utm_medium=rss&utm_campaign=money-and-baby-boomers Resources and Articles for Empowering Women in Business and in Life including Honoring Ordinary Women Doing Extraordinary Things Thu, 09 Feb 2012 20:11:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Scott Hubbard http://wemagazineforwomen.com/money-and-baby-boomers/comment-page-1/#comment-4247 Scott Hubbard Sat, 06 Feb 2010 22:08:57 +0000 http://wemagazineforwomen.com/?p=1158#comment-4247 Jacqueline/Heidi. Great article. I agree. Like you say, the U.S. savings rate has fallen, not just in the last 8 years, but since the mid-1980s. I certainly don’t put the blame on the baby boomer generation. I feel that the U.S. government shoulders most of the blame. Their policies, including low interest rates, have encouraged many people to not save money but to spend money on things they could not afford, including houses and other “toys.” This country has built a massive debt balloon. It will take a long time for this to unwind. The recession is taking a toll on the baby boomer generation. I can say that because I am slightly older than that generation. Yes, many have seen their retirement savings hurt by the recession - the stock market crash and falling home prices. But I feel that most who have been hurt will recover. Most are well educated, aggressive, and creative. Many have had successful careers. They are also accustomed to giving - giving to help others. I know they will succeed. .-= Scott Hubbard´s last blog ..<a href="http://working-from-home.squarespace.com/current-events-global-economy/2009/12/3/are-you-ready-for-the-next-mortgage-crisis-2010.html" rel="nofollow">Are You Ready for the Next Mortgage Crisis 2010?</a> =-. Jacqueline/Heidi. Great article. I agree. Like you say, the U.S. savings rate has fallen, not just in the last 8 years, but since the mid-1980s.

I certainly don’t put the blame on the baby boomer generation. I feel that the U.S. government shoulders most of the blame. Their policies, including low interest rates, have encouraged many people to not save money but to spend money on things they could not afford, including houses and other “toys.” This country has built a massive debt balloon. It will take a long time for this to unwind.

The recession is taking a toll on the baby boomer generation. I can say that because I am slightly older than that generation.

Yes, many have seen their retirement savings hurt by the recession – the stock market crash and falling home prices. But I feel that most who have been hurt will recover.

Most are well educated, aggressive, and creative. Many have had successful careers. They are also accustomed to giving – giving to help others. I know they will succeed.
.-= Scott Hubbard´s last blog ..Are You Ready for the Next Mortgage Crisis 2010? =-.

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