New Study: Many Americans Will Not Be Able to Retire Until Their 80s

Consider this article by Lou Dobbs at http://foxnewsinsider.com/2011/06/13/new-study-many-americans-will-not-be-able-to-retire-until-their-80s/

Dobbs says, “Baby boomers have been a highly irresponsible generation, absolutely failing to save and provide for their children in many ways as previous generations have. And, now just about 55 percent of all members of the baby boomer generation are saying ‘our children will never have lives as good as ours.’”

I generally like you, Lou...but you are a champion of the obvious !!

Isn't it true that on average 50% of our children will do better than average, and 50% will do worse than average?

Are you suggesting that 50% may reach an astounding 55% (based on the conjecture of their parents). Gawd, that is a truly amazing statistic...thanks for keeping us informed.

By the way, the previous generation fought a war for our sake, then saved for the future. Our generation ushered in the age of technology, communication, the medias, calculators, computers, the internet. I have to ask how you measure whether our kids are better off. Would you rather have the cash?