I know everybody is focused on the housing market and the financial crisis. But as I've pointed out before, what we're suffering now is NOTHING compared to what we're about to get hit with in terms of social security and medicare. Additionally, this also says nothing about the issue of pension funding. Social security is the government pension for all of us. But private pensions, especially in light of the sudden 40% drop in stock prices, are just as woefully underfunded.
This of course is not mentioned in the media because;
1. Journalism majors are complete inept at understanding, let alone, explaining things like underfunded pensions.
2. It takes away from the 24/7 Barack Obama Show and is one of the more serious threats that stands a good chance of sinking his presidency.
Ergo, since this is going to affect you all, I recommend Pension Tsunami.
The latest news explaining why the baby boomers will have to work past 62 despite what the politicians told you.