The recession has been hard on us all according to MSNBC.COM, but the 55 to 65 age group of current workers will probalby not be able to recover. The younger generations will have time to build up the neccessary means to make their own way when they retire. The older generation may not even get to retire, at least that is the current fear.
I agree that the recession has hit us all hard and that the older generation may have a harder time catching up. But I have been hearing all my life to start a 401 k or retirment fund. Was this not something that was told to this generation? Did they think that the government was going to take care of them? Why are they struggling so much more than generations before them? I guess only time will tell.
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