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Saturday 19 November 2011

The 'new' normal..............from Rico

The nice folks at Wells Fargo (a TBTF enterprise) now tell us that 80 is the 'new' 65 for retirement thanks to a survey they just conducted.
Because of money 'issues' (ain't got none) people will HAVE to work and never retire. (Thanks FED, thanks Obama, thanks Congress; you're welcome bailouts and Wallstreet).

With the average life expectancy being 78.1, a typical American can now look forward to working for two years after their death.

This has social and economic implications, if you think about it.

Retirement? Fuggedaboudid!

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