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Boomers' nest eggs fall short
December 31st, 2010
10:51 AM ET

Boomers' nest eggs fall short

Jim Bacon, author of "Boomergeddon," tells "American Morning" about the wave of thousands of boomers who will turn 65 starting Saturday - and the impact this 19-year "tsunami" will have on Americans.

"They haven't saved enough. They have too much debt. And they're all going to be relying on social security and Medicare that we know in 15 years is going to be in great jeopardy," he says.

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Filed under: Economy • Finance • TV-American Morning
soundoff (16 Responses)
  1. tony glasper

    and no jobs....thxs cnn!

    December 31, 2010 at 11:01 am | Report abuse |
  2. boney

    What nest egg? I already had to spend that on gasoline etc.

    December 31, 2010 at 1:52 pm | Report abuse |
  3. tony glasper

    ur right Boney.....no jobs 401ks or income and they're talking retirement.......UNBELIVABLE!!!!!!!

    December 31, 2010 at 2:09 pm | Report abuse |
  4. supersaver

    Americans are fools real fools. If they were smart they would stop shopping and save.

    December 31, 2010 at 4:38 pm | Report abuse |
  5. Supershopper

    Stop shopping for what groceries?

    December 31, 2010 at 4:53 pm | Report abuse |
  6. RUFFNUTT

    thanks babyboomers. for sending all our jobs to china and mexico.

    December 31, 2010 at 5:33 pm | Report abuse |
  7. i rock

    Suck it up you wimps! juas priest this countrys full of crybabies

    December 31, 2010 at 6:51 pm | Report abuse |
  8. i rock

    WHAAA! want cheese with that whine little one?

    December 31, 2010 at 6:55 pm | Report abuse |
  9. i rock

    Crybabies

    December 31, 2010 at 6:58 pm | Report abuse |
  10. dan gregory

    I Only wish I could be as "OPTOMISTIC" in that it will be 15 yrs. before there is no funds? I give it 5 yrs.

    December 31, 2010 at 7:28 pm | Report abuse |
  11. 2100

    We are living in the conclusion of the system of things , its time to make sure u found the true religion/only one out of many christian faiths has the truth...... The rest are what refers Jesus to a false christians........ The truth is out there.... and time is running out.......

    December 31, 2010 at 11:58 pm | Report abuse |
  12. mr. Loveit

    just donate more money to private schools and sue them when they do not admit your victimized child... What a savings. Also do not send jobs to other countries when bevis and butthead are happy to work for those same wages right here. Also make a new law making special containment camps for all over thirty years..forced labor for them. Problem solved people. Easy.

    January 1, 2011 at 4:14 am | Report abuse |
  13. Leon

    blame it on the ring of power. this was calculated: e=mc fools 😀

    January 1, 2011 at 5:21 pm | Report abuse |
  14. Ed Bailey

    We are to blame for playing with our xbox's while we sucked up our lead tainted air INSTEAD of throwing a lot more crap into the boston harbor. Only problem, the harbor isn't big enough.

    January 1, 2011 at 9:47 pm | Report abuse |
  15. whitmanguy

    The pity of it is that people in the 65+ demographic vote in a higher proportion for the Republican Party, the one that is primarily responsible for the economic morass the USA finds itself in, and that has done the most to snip holes in the safety nets. In likelihood they will continue to vote Republican even though that party is the Death Panel that should alarm the elderly most.

    January 2, 2011 at 12:10 am | Report abuse |
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