Farrell: New generations will redefine retirement

  • Article by: CHRIS FARRELL
  • Updated: November 16, 2013 - 2:00 PM

The power of stories is vastly underestimated when it comes to economics, managing money and other aspects of everyday life. Earlier this month, I attended a talk on big data and employment by Patrick Riley, chief executive and co-founder of Modern Survey, an employee engagement firm.

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theagonybhoNov. 16, 13 9:18 PM

Yes that will be easy, there wont be any retiring.

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smarterthanuNov. 17, 13 9:11 PM

You are so right, theagonybho. Thanks to the GOP allowing business to gut pension plans and substitute worthless 401(k)s.

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mauianNov. 18, 1312:11 PM

I couldn't disagree more with this article. First off, how many people with Masters or Doctorates are bagging groceries in America, working at WalMart or McDonalds? Higher education doesn't automatically mean more income these days. Today, in my opinion, it's simply another tool for Wall Street to sucker kids into massive debt, under the false pretense of higher wages. Much the same as artificially higher home values give you a false pretense of wealth. Secondly, savings is important? To whom? Interest rates are at what, 0.5%? Who in their right mind would keep money in a savings account today? It's obviously NOT important to our "leaders" that we save money. If it WAS important to them, interest rates would be higher. Thirdly, on retirement, any fool can see the bankers and politicians are trying to steal Social Security, 401k's, Medicare and Medicaid from us. My kids will NEVER be able to retire unless old dad can leave them some money that the government or criminal bankers can't get their grubby hands one. Medical bills will likely bankrupt us all anyway.

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gfarlandJan. 31, 14 3:03 AM

First women had to go to work and now the elderly have to go to work. Obviously the fruits of increased productivity and the end of the Cold War are all going to capital owners and not to workers. But Fox News will convince them that they are OK because they are FREE.

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