The best that retirees can hope for is that they stay in good health as 95% of then will not have enough money to retire on.
The one asset that most have is there own home and not much cash, around $6000 and some shares around $8000 worth.
We have one other problem and that is that we get divorced at a rate of 50% after two years retirement.
20% can not work after 60 years of age because of illness or disablity. There are 3 million people would like to retire over the next ten years.
The gov. pension is not going to cover every one as today there are three workers for each person who would like to retire.
When my dad retired there were 13 people working for each retirer so the pension will not be there for most people ( retirees )
Regards Dennis
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