"New" reality.............from Rico

Over the years I have come to conclude that (1) software 'upgrades' aren't always...they are just "new" same-old/same-old with different bugs, this leads to the conclusion that (2) "new" is not always better, it's merely different.

The media had been yakking about the "new economy" but when that didn't quite work out, they shifted the meme to the "new normal" (a nicer way of saying we're all screwed).

There is another "new" that has so far not been mentioned, the "new retirement." That is just another way of saying "no retirement" in the hopes no one will 'notice' until it's already too late. For many retiring and soon-hope-to-retire "boomers" it is already too late. The reality for them will be "no retirement."

About 1-in-3 boomers have ZERO savings. None. Bupkis. Nada. Broke. When you spend your future for 'now' stuff and do not save, and when you borrow more than you can pay back, this is a problem.
- Most now rely upon Social Security as their 'retirement plan' (only 20% of boomers have access to a retirement plan today). This is two things, (1) a BAD plan, and really (2) NO plan.

Their "new reality" will be NO retirement, a huge paradigm shift from how things used to be.