These are unprecedented times. From the breakdown of traditional financial institutions to the government's 700 million dollar bailout, Americans don't know how to respond. Some are in denial, not fully understanding the problems and consequences. Others are angry at what they see as a "bailout for the fat cats" and an award for recklessness on Wall Street. Still others feel panic about the gloomy economic forecast. These are all typical emotional reactions to loss. And for Sandwiched Boomers, many financially responsible for their children and aging parents, they see their dream of a comfortable retirement slipping away.
The new Pew Research Center's Social and Demographic Trends survey measured dissatisfaction and pessimism in close to 2500 participants. The data indicates that Baby Boomers worry more than any other generation. And a recent study from the University of Chicago suggests that the boomer generation has never really been happy. One hypothesis is that Boomers grew up wanting to make the world a better place -and it's not.
We will be discussing this topic on our blog posts all week. So weigh in. Let off steam - and share your concerns and ideas with our readers.