The children of baby boomers should take very seriously the consequences for them of the inadequate funding for them of the baby boomer generation. This is a huge economic problem for the nation, not just for individuals or individual families.… — Hedrick Smith Copy Share Image
The retirement financial crisis will affect far more people than baby boomers, and certainly it will affect their children. Most of the retirees and near-retirees with whom we talked, said that they were extremely reluctant to have to depend on… — Hedrick Smith Copy Share Image
“Overall, more than fifty-nine thousand factories and production facilities were shut down all across America over the last decade, and employment in the core… — Hedrick Smith Copy Share
“We are literally Two Americas, remarkably out of touch with each other— the fortunate living the American Dream but lacking any practical comprehension of… — Hedrick Smith Copy Share
The most common mistakes were investing in money market funds by people who were so scared at the prospect of managing their own funds… — Hedrick Smith Copy Share
“Translating cold numbers into a graphic picture of the hard economic realities in the lives of ordinary people is a challenge. In the 1990s,… — Hedrick Smith Copy Share
Less money for retirees means less purchasing power means less economic growth overall. It's a big problem. — Hedrick Smith Copy Share
Journalists cover words and delude themselves into thinking they have committed journalism. — Hedrick Smith Copy Share
One of the strongest lessons I learned in doing six months of work on retirement topic was how absolutely crucial the Social Security system… — Hedrick Smith Copy Share
“Two trends are primarily responsible for today’s hyperconcentration of wealth inAmerica— the collective decisions over time by America’s corporate power elite to take a… — Hedrick Smith Copy Share
The main problems are insufficient diversification and the failure to pick age-appropriate strategies - that is, more aggressive when you're younger, and more conservative… — Hedrick Smith Copy Share
It really depends upon how much money you have in your account. Having a monthly paycheck come in for the rest of your life… — Hedrick Smith Copy Share
“Henry Ford gave that idea popular currency when he brought out the famous Model T car and announced in 1914 that he would pay… — Hedrick Smith Copy Share
“Since the early 1990s, a shadow government has taken root along K Street, the Washington corridor that is home to block after stately block… — Hedrick Smith Copy Share
Television's compelling power is its immediacy . .. this immediacy feeds the politics of emotions, gut reactions and impressions rather than the politics of… — Hedrick Smith Copy Share
One of the difficulties in getting to the bottom of the poor prospects for retirement is that the policy and intellectual elites, including corporate… — Hedrick Smith Copy Share
In Western Europe, most countries have variations of the lifetime pension system for most workers so they are keeping the system that we are… — Hedrick Smith Copy Share
