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Article posted Feb 07 2013, 5:55 AM Category: Economy Source: Jacob G. Hornberger Print

Facing the True Cause of Our Economic Problems

by Jacob G. Hornberger

Last Sunday's New York Times had a front-page story about how Americans of all ages have suffered from the difficult economic conditions. The article pointed out that young people are in debt, unemployed, and living with their parents. People in their 30s and 40s can't afford to buy homes or have children. Retirees are earning virtually nothing on their savings.

The article points out that the group that has been hurt most consists of those Americans in their 50s and early 60s who are near retirement age but do not yet qualify for Social Security and Medicare.

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