The Boomers — Caviar or Cat Food?

Just how poorly prepared for retirement are the baby boomers? It all depends upon your definitions and assumptions. Sex, drugs, and rock 'n roll have given way to real return expectations, the treatment of home equity, and whether rising health-care costs count as an improvement in living standards. Read all about it in this exhaustive but well-written Congressional Budget Office report.

Copyright © 2004, William J. Bernstein. All rights reserved.

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