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<blockquote data-quote="ok2bclever" data-source="post: 54370"><p>Sawman, that is not necessarily true.</p><p></p><p>The fund has been trending lightly towards higher fundedness (sp?) since the stock market down years and could easily be a tad over the critical numbers by next year if this years stock market continues to do decently.</p><p></p><p>The problem is the trend will not continue due to the baby boom generation attempting to retire in earnest over the next decade.</p><p></p><p>On that same note wkmac the baby boom generation problem is the key.</p><p></p><p>What is happening to CS is not a isolated event.</p><p></p><p>Because of the ongoing demographics in the USA (baby boom generation retirement wave) this problem will be not just an epidemic, but rather endemic and the USA will have to deal with it one way or another just like the other major finacial catastrophes that have occured in the last couple of decades.</p><p></p><p>How it's handled will be the key.</p><p></p><p>If handled badly the baby boom generation will have to gut their retirement investments rather violently which will make for probably the worst bear market the world has ever seen.</p><p></p><p>In that scenario private savings accounts (401ks, IRA, etc) will be negatively affected as well and it could very well become extremely ugly.</p><p></p><p>I expect the government will manage to minimize this by continuing to shift the problem to future generations as much as they can just like they always have.</p></blockquote><p></p>
[QUOTE="ok2bclever, post: 54370"] Sawman, that is not necessarily true. The fund has been trending lightly towards higher fundedness (sp?) since the stock market down years and could easily be a tad over the critical numbers by next year if this years stock market continues to do decently. The problem is the trend will not continue due to the baby boom generation attempting to retire in earnest over the next decade. On that same note wkmac the baby boom generation problem is the key. What is happening to CS is not a isolated event. Because of the ongoing demographics in the USA (baby boom generation retirement wave) this problem will be not just an epidemic, but rather endemic and the USA will have to deal with it one way or another just like the other major finacial catastrophes that have occured in the last couple of decades. How it's handled will be the key. If handled badly the baby boom generation will have to gut their retirement investments rather violently which will make for probably the worst bear market the world has ever seen. In that scenario private savings accounts (401ks, IRA, etc) will be negatively affected as well and it could very well become extremely ugly. I expect the government will manage to minimize this by continuing to shift the problem to future generations as much as they can just like they always have. [/QUOTE]
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