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We're looking at a huge gap between what an entire generation thinks is going to happen during its retirement years and the funds that are there - or, more accurately, are not there - to make good on all those promises.
John C. Goodman
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John C. Goodman
Age: 78
Born: 1946
Born: January 1
Economist
Writer
Looking
Fund
Happens
Thinks
Going
Entire
Years
Generation
Accurately
Make
Promise
Funds
Good
Generations
Gaps
Thinking
Huge
Promises
Happen
Retirement
More quotes by John C. Goodman
Either the Baby Boomers are not going to have the retirement life that they expect or taxpayers are going to be hit with a tremendously huge bill. Or both.
John C. Goodman
The federal government has made explicit and implicit promises to millions of people, but has put no money aside in order to keep those promises. Some of you may wonder where Bernie Madoff got the idea for his Ponzi scheme. Clearly he was studying federal entitlement policy.
John C. Goodman