Tag: "baby boomers"

Worse than I Imagined (Part II): Medicare

When I retired, Medicare became my primary health insurance, fully covered by American taxpayers (and federal debt-holders), while Anthem/Blue Cross became my secondary health insurance, fully covered by the University of California.  I will never have to spend a nickel of my Social Security benefits or inflation-adjusted defined retirement income on my health insurance. But […]

Worse Than I Imagined (Part I)

Social Security and Medicare are grand Ponzi schemes that make Bernie Madoff’s operations look like petty theft. They discriminate against black males especially because they pay into the system on every job they have, but many die of health problems and violence long before they collect a dime in benefits. Middle and higher income Americans […]

Chicago Plays Politics with Retirement Pensions

If Sen. Dianne Feinstein’s (D-Ca.) assault weapons bill is not enough of a kneejerk reaction to the Newtown shooting, Chicago is playing its part in contributing to the lack of common sense measures as well — by hurting its employee pension system.  The board of Chicago’s Municipal Employees’ Annuity and Benefit Fund voted to divest […]

Seniors Living on Borrowed Money

Special blog post by Lewis Warne, an NCPA research associate. More than half a century ago, the elderly were more likely to live in poverty than any other age group.  Thankfully, that has changed, and the poverty rate for people aged 65 and over was less than 10 percent in 2010. Sadly, however, more elderly are […]

Nervously Holding Bonds

cialis online     The stock market is getting a bad reputation these days. It waxes and wanes hour by hour depending on everything from who is elected president to the future of twinkies and cupcakes. Never mind that in the grand scheme of things, individual stock returns are really based on corporate earnings, and […]

The Second Debate and the Real Jobs Question

buy viagra uk Power-Plant2-300×225.jpg” alt=”” width=”300″ height=”225″ /> Last night’s debate left me a bit queasy.  It wasn’t Candy Crowley’s implicit cheerleading of the president or her incorrect “correction” of Mitt Romney on the Benghazi question.  Nor was it the fact that both candidates were interrupting each other so often that few coherent messages made […]

How Are Baby Boomers Spending Their Money?

order viagra without prescription In an August blog post, I referenced a New York Times Economix blog article highlighting the falling median income among 55 to 64 year olds during the past three years.  One of my blog readers asked me about consumer spending for this age group.  Has it fallen along with income? Alas, […]

Falling Incomes In the Midst of Economic "Recovery"

Baby boomers just can’t get a break. Catherine Rampell of the New York Times” Economix blog reports that since mid-2009, the median household income across the working age population has fallen, with the worst decline (10 percent) seen among 55 to 64 year olds. Rampell notes that re-employment opportunities for this age group are slimmer […]

Disability and the Incredible Shrinking Work Force

The population is growing, yet the work force is shrinking. In 2000, the civilian labor force participation rate (LFPR) peaked at more than 67 percent. In May of this year, it stands at 63.8 percent. What gives? The recession plays a role, as many chronically unemployed people have given up searching for a job and […]

Is the Path to Retirement Just Pure Luck? (Part II)