Gloom ahead for boomers unless they save hard now
Article Abstract:
The time has run out for baby boomers who have not saved money for retirement. Experts believe Generation X will enjoy retirement more than their parents, and in some cases, they would have to finance their parents' retirement. Baby boomers, according to Personal Investment magazine, were the worst money savers this century. An average retiree by 2013 will need about $1.4 mil to retire on a third of their final year's salary.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
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Good seeks lost shine
Article Abstract:
With inflation at historic lows, many people feel gold has lost its identity as a hedge against inflation and is just another metal commodity. However, during the Asian crisis, citizens of South Korea were asked to sell their gold in order to help the government pay loans to the International Monetary Fund after their currency collapse. Gold still has supporters in 1988 in investment institutions and banks.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
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The FitzGerald view
Article Abstract:
Vince FitzGerald is executive director of the Allen Consulting Group and, according to him, the gross national saving figure for Australia in 1993 was at about 15.5% of GDP. In 1998 the figure is at about 18% and his 1993 report is still relevant. He is cautious about money going into managed funds of Australia. He thinks compulsory superannuation is a way to improve the rate of savings.
Publication Name: Personal Investment
Subject: Personal finance
ISSN: 0813-2992
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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