Talking About the Retirement Crisis Video Print E-mail
Contributed by J. R. Ransom   
Jim Jubak
Jim Jubak
The Retirement Crisis Video (2min 3sec). We all know the housing bust has created an economic slowdown, a home-building depression and a credit crunch.

But no one is talking about the retirement crisis, says Jim Jubak, the Web's #1 investing columnist, even though soon-to-retire boomers have just lost a whopping $2 trillion in home equity.

"I wish someone would recognize that the housing crisis, the home mortgage crisis, the sub-prime crisis, whatever you want to call it, is not just a crisis for the economy. It's not just a crisis for the housing sector. It's a cirsis for retirement.

"People live in homes. It's very true. Housing companies have to sell homes. If they don't sell homes it does indeed take down the economy. But most of American's biggest retirement asset is the house they live in..."


 
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