on May 21st, 2006PBS Frontline: Can You Afford to Retire?
PBS’ Frontline show recently ran a program calld “Can You Afford to Retire?” If you have to ask this question, then it’s pretty obvious what the answer is. You can watch the show online, so prepare yourself for how the Bush administration is single handedly destroying not only your future retirement, but your grandkids’ as well.
The baby boomer generation is headed for a shock as it hits retirement: many of them will be long on life expectancy but short on savings. The two main strategies for funding retirement — lifetime pensions and 401(k)-style savings plans — are in serious trouble. In “Can You Afford to Retire?” FRONTLINE correspondent Hedrick Smith (”Is Wal-Mart Good for America?”) investigates this looming financial crisis and the outlook for middle-class Americans.
Click here to watch the show online