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Sunday, February 11, 2007

Boomer retirement could trigger economic "meltdown"

There's a lot you can blame on the baby boomers, the sumo demographic that has given us everything from bell bottoms to those obnoxious "baby on board" signs. But will you be able to blame us for taking the market down when we start to cash out of our retirement plans?

Robert T. Kiyosaki, the incredibly successful author of "Rich Dad, Poor Dad" and a leading-edge baby boomer himself, set up that scenario in a 2002 book, "Rich Dad's Prophecy," but since then other forecasters have found less cause for alarm.

Will Boomers Start a Meltdown?
Newsday

Comments on "Boomer retirement could trigger economic "meltdown""

 

Anonymous Rhea said ... (11:05 AM) : 

Oh, I predict economic meltdowns and all manner of craziness. There are just so many folks in the demographic that everything we do en masse will have a SUPER-EFFECT, as I like to call it.

 

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