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Remember how everyone sensible knew the housing market was in a bubble 10 years ago but nobody really focused on what that would mean? I wonder today if we are in a similar situation regarding retirement.

Everybody sensible knows we are facing a looming retirement crisis. Tens of millions of baby boomers are starting to retire. They are going to live in old age far longer than previous generations. Tomorrow???s grandma is going to need medical care and nursing care beyond the imagination of grandmothers of yore. Yet so few people or families have saved anywhere near enough. And our public safety net is poorly managed, ill-thought-out, and threadbare.

But even though we know the overall picture doesn???t add up, somehow everyone keeps whistling and hoping for the best.

It reminds me of a funny poster someone put up in the offices of the Boston Herald, where I worked, back around 2005. It featured a character made of soap suds called ???Mr. Housing Bubble???. He was saying, ???If I pop, we???re screwed!??? How we laughed.

By: Brett Arends’s ROI
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