A Quote by Hedrick Smith
The children of baby boomers should take very seriously the consequences for them of the inadequate funding for them of the baby boomer generation. This is a huge economic problem for the nation, not just for individuals or individual families. Think about it for a minute - if retirees become 20% of our population and their purchasing power falls below what has been normal for retirees in the past, one important engine driving our economy will be diminished.
Quote Topics
About
Baby
Baby Boom
Baby Boomer
Baby Boomers
Become
Been
Below
Boomers
Children
Consequences
Diminished
Driving
Economic
Economy
Engine
Falls
Families
Funding
Generation
Huge
Important
In The Past
Inadequate
Individual
Individuals
Just
Minute
Nation
Normal
Our
Past
Population
Power
Problem
Purchasing
Purchasing Power
Seriously
Should
Take
Them
Think
Very
Will
Quote Author
Related Quotes
The retirement financial crisis will affect far more people than baby boomers, and certainly it will affect their children. Most of the retirees and near-retirees with whom we talked, said that they were extremely reluctant to have to depend on their children financially, or to think of moving in with their children. But the mere fact that they were discussing those issues indicates that some of them have already figured out that that is what lies ahead for them.
Today there are about 40 million retirees receiving benefits; by the time all the baby boomers have retired, there will be more than 72 million retirees drawing Social Security benefits.
The issue of the pension gap has got to become visible and important to millions of people before Washington will respond seriously. Right now, everyone thinks it's his or her own problem and that individuals have to do better and save more. Of course, that is true. We all have to save more and take responsibility for our own retirement. But we have a huge social and economic problem on our hands.
Less money for retirees means less purchasing power means less economic growth overall. It's a big problem.
I think dementia is the major healthcare threat to our economy and our security. It's a ticking time bomb - we have a whole generation of baby boomers that are going to age, many progressing to get Alzheimer's - which disproportionately affects women and minorities.
In the year 2000, the very youngest members of the Baby Boomer crew were in their mid-30s while the oldest Boomers were mid-50s. That year, the Boomers were a generation divided somewhat equally between the GOP and Democrats.
When I began to study baby delivery, when I was about to have a baby, I became very into it and fascinated and what our body does and how a mother's body temperature will rise the minute that the baby touches her chest because she needs to get warmer.
I am very concerned about the millions of baby boomers who are counting on the stock market to deliver them a safe, sound, long retirement. I am afraid the baby boomers who are counting on the stock market are in trouble.
Let's find those areas where modest and reasonable tax cuts will have the biggest positive impact on our economy, and which will improve the lives of those who need it most: working families, retirees, and small business owners.
By failing seriously to confront the most predicable economic crisis in our nation's history, the President's policies are committing us and our children to a diminished future.
The Presidents proposed privatization plan would jeopardize that security by cutting guaranteed benefits for future retirees and endangering the benefits of current retirees, people with disabilities, and children who have lost a parent.
The President's proposed privatization plan would jeopardize that security by cutting guaranteed benefits for future retirees and endangering the benefits of current retirees, people with disabilities, and children who have lost a parent.
Throughout the Great Recession of 2008, the average 401(k) balance lost anywhere from 25 to 40 percent of value. Nobody was more harmed than baby boomers or recent retirees, who, unlike younger workers, didn't have the time for the market to rebound or were no longer contributing and therefore unable to invest when stocks were cheap.
Russia is a competitor. They're a strong nation, something we need to recognize, but their economy is just a little bit bigger than Illinois, so they're not our equal. I think its important to engage them. And I think it's important that we continue to fight for human rights, which is essential to denying the next generation of terrorists their recruits and this is a long-term fight we're in when it comes to the war on terror. And I think the Russians are exacerbating this by making people displaced and killing families and that's how you lead to radicalization.
Retirees who are on Medicare will suffer the consequences of 700 billions of Medicare dollars instead being used to cover the skyrocketing cost of Obamacare. In essence, less dollars for seniors means less service. Not fair. The Boomers are going to take the 'hit.' In Obamacare, 'too old' has limitations of service.
I think what should be celebrated about our campaign is we have over 3 million people who have contributed to our campaign - teachers, firefighters, nurses, retirees. They're making up the backbone of this field organization in the country.
Related Authors
Ari Shavit Quotes
Israeli
Reporter
Charlie Cook Quotes
American
Reporter
Christopher Michael Cillizza Quotes
American
Reporter
Daisy Whitney Quotes
American
Reporter
David Folkenflik Quotes
American
Reporter
Hank Phillippi Ryan Quotes
American
Reporter
Israel Shenker Quotes
American
Reporter
Martha Raddatz Quotes
American
Reporter
Nancy Banks-Smith Quotes
British
Reporter
Sue Johnson Quotes
British
Reporter
Sylvia Poggioli Quotes
American
Reporter
T.R. Reid Quotes
American
Reporter
