According to David Ignatius of the WashingtonPost, the typical boomer -- born between 1945-1965 -- was looking at a pretty lean retirement even before the stock market's dive off the cliff.
Stat 1: 53 percent of households that hold at least one retirement account, the median combined balance was a mere $45,000. But that includes younger households, so let's look at...
Stat 2: ...households headed by persons between the ages of 55 and 64, the median value of all retirement accounts was just $100,000. (That would buy an annuity that would pay a paltry $700 a month for life, based on current interest rates.)
This is not a demographic that has proven to be particularly willing to suffer a fly in their latte.
It's going to be interesting.
(Photo courtesy of SkiGB.com)
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