10.08.2008

$2 Trillion

The Congressional Budget Office’s top budget analyst said that the prolonged downturn in the stock market:

“has wiped out about $2 trillion in Americans’ retirement savings in the past 15 months, a blow that could force workers to stay on the job longer than planned, rein in spending and possibly further stall an economy reliant on consumer dollars.”

And it was yet another sucky day on Wall Street today. I don't think I will even open my 401 (K) statement when it comes in the mail next week. What's the point, I'll never be able to retire at the rate I'm able to save. Social Security will be gone or "privatized" if the wing-nuts have their way. 

How freak'n depressing.  Instead of retiring I guess I'll be flip'n burgers or greeting Walmart customers in my "golden" years. 

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