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03-10-2009, 12:35 AM #1
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Is the Future Going Down the Drain? Baby Boomers Going Bust
Is the Future Going Down the Drain? Baby Boomers Going Bust
By Alexander Zaitchik, AlterNet. Posted March 6, 2009.
Millions of boomers born into the dawn of the largest economic expansion in history are being forced to re-imagine their retirement futures.
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Millions of baby boomers born into the dawn of the most spectacular economic expansion in history are being forced to re-imagine their retirement futures. Few news outlets have failed to seize upon the low-hanging pun: the boomers have gone bust.
Among the adjustments forced by the new circumstances, perhaps the cruelest twist for many boomers is the need to join younger generations in the roommate queue. The housing crash has forced record numbers of late-middle age homeowners to take in boarders or risk becoming boarders themselves. From California to Vermont, home-share organizations founded to assist the elderly are scrambling to meet the demands of newly bust boomers.
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