Despite having plowed significant portions of their paychecks into age-appropriate financial vehicles at the urging of investment gurus, economists and government officials, these folks face years longer in the workplace than planned, provided they can keep their job or find a new one, and serious doubts about their ability to sustain anything remotely resembling their current lifestyle as they grow old. Panic is not too strong a word to describe their overall mind-set. Whichever political party can develop a message to address the anxieties of the Busted Boomers will have a distinct advantage in next year's midterm congressional contests and the 2012 presidential race.
Sunday, April 5, 2009
A nice turn of phrase from Frank Micciche, managing director of the Next Social Contract Initiative at the New America Foundation.