The Retirement Crisis
By Scott Thorpe
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About this ebook
Every day for the next twenty years, 10,000 baby boomers will retire. Paying for the boomers retirement will cost an additional 10% of GDP, the equivalent our current spending on the military, public education, and all colleges and universities. This is an enormous sum, but most boomers have not saved enough to support themselves. Instead they are depending on governments that are in even worse financial shape. The Retirement Crisis details how bad the problem is, and how we may resolve it.
Scott Thorpe
Scott Thorpe is an electrical engineer, MBA, and registered patent attorney, protecting software, electrical, and semiconductor inventions. Mr. Thorpe also designed robots and flight simulators, launched $1.3 Billion in new products, and was part of two start-ups with successful IPOs. He is an avid skier and mountain biker.
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Book preview
The Retirement Crisis - Scott Thorpe
The Retirement Crisis
by
Scott Thorpe
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Published by ARCHMEDIA LLC at Smashwords
© Copyright 2011 by Arch Media LLC
Smashwords Edition License Notes
Thank you for downloading this free ebook. You are welcome to share it with your friends. This book may be reproduced, copied and distributed for non-commercial purposes, provided the book remains in its complete original form. If you enjoyed this book, please return to Smashwords.com to discover other works by this author. Thank you for your support.
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Forward
This is not a warning of dire consequences unless we take action. The financial mismanagement of the United States has been so bad for so long that wrenching changes are unavoidable. However, this is also an optimistic book. Because just as bad decisions created the retirement crisis, good decisions will solve it.
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The Retirement Crisis
As the United States recovers from the financial crisis caused by the housing bubble, it faces a larger and more serious threat. Millions of American baby boomers will be retiring, and few of them have made