Comments on: Economy Cracks Many Nest Eggs

CBS Evening News: Retirees On Edge About Whether Savings Will Last

[u-r-right]

The cost of basic necessities at the grocery store give me the greatest shock each week. There is nowhere left to cut corners.

[cbsblogger]

neonink (your post below)......I agree there is HUGE overrepresentation not only on Wall Street but also in the Federal Reserve, in the media and in government. To me that is representative of gross racism and ethnic bias at the highest levels.

http://www.federalreserve.gov/aboutthefed/bios/board/default.htm

[cbsblogger]

If Wall Street and George Bush and the Republicans had only sold us on the idea of privatizing SOCIAL SECURITY we''d all be in fat city......LOL.

Wall St knew full well that this was all coming down due to demographics of aging boomers pulling more money out than putting in, and an impending blow up in housing....but they wanted taxpayers to fund this game of musical chairs from social security taxes.

These greedy neocon Wall Streeters should have their wealth forcibly stripped from them and applied to the bailout.

(Corrected the previous post which had omitted "Social Security")

[lemonskink]

It''s all written in stars, well, at least here:

http://www.youtube.com/watch?v=EcZSh1diQRQ

[newz4i]

Country First = vote more Republicans out this November.

[donbl1]

Well, only lost a Masseratti so far.......

McCain was right, Cox should have been fired.

This points to the problem with appointing politicians to "manage" anything. Cox was not ready for the challenge.

[cbsblogger]

If Wall Street and George Bush and the Republicans had only sold us on the idea of privatizing we''d all be in fat city......LOL.

Wall St knew full well that this was all coming down due to demographics of aging boomers pulling more money out than putting in, and an impending blow up in housing....but they wanted taxpayers to fund this game of musical chairs from social security taxes.

These greedy neocon Wall Streeters should have their wealth forcibly stripped from them and applied to the bailout.

[Meg003]

whatithink1

While I have read a few books on investing, I have no confidence in my ability to select investments at all. If I retired soon, and had to select a portfolio for retirement, I cannot come up with any selections that would make me feel comfortable. Annuities? Savings in a bank? Mutual funds? I''ve got to admit, my best investment choices have resulted from dumb luck, and the thought of moving into "safe" investments has me confounded.

[whatithink1]

Meg001,

I would agree about Enron, but the story said these people had retired already. I think somebody gave them bad advice or are they talking about their pensions? It''s really hard to tell. That''s why I prefer books. These reports are sometimes too superficial.

[whatithink1]

runningralph,

You are very obnoxious.

Here is a book for you...The MYTH OF THE WELFARE QUEEN: A PULTIZER PRIZE-WINNING JOURNALIST''S PORTRAIT OF WOMEN ON THE LINE by David Zucchino