Rating: 3 out of 5 stars
3/5
Ebook25 pages13 minutes
The Retirement Crisis
By Scott Thorpe
Rating: 0 out of 5 stars
()
About this ebook
Every day for the next twenty years, 10,000 baby boomers will retire. Paying for the boomers retirement will cost an additional 10% of GDP, the equivalent our current spending on the military, public education, and all colleges and universities. This is an enormous sum, but most boomers have not saved enough to support themselves. Instead they are depending on governments that are in even worse financial shape. The Retirement Crisis details how bad the problem is, and how we may resolve it.
Author
Scott Thorpe
Scott Thorpe is an electrical engineer, MBA, and registered patent attorney, protecting software, electrical, and semiconductor inventions. Mr. Thorpe also designed robots and flight simulators, launched $1.3 Billion in new products, and was part of two start-ups with successful IPOs. He is an avid skier and mountain biker.
Read more from Scott Thorpe
How to Think Like Einstein: Simple Ways to Break the Rules and Discover Your Hidden Genius Prepare Your Own Provisional Patent Rating: 0 out of 5 stars0 ratings
Related to The Retirement Crisis
Related ebooks
Up in Smoke: How the Retirement Crisis Shattered the American Dream Rating: 0 out of 5 stars0 ratingsWhen Life Doesn’T Go as Planned: Discovering Your Destiny Through Your Disappointment Rating: 0 out of 5 stars0 ratingsDare to Care: How High Mutual Regard Increases Engagement and Productivity Rating: 0 out of 5 stars0 ratingsThe Banker and the Eagle: The End of Democracy: The Banker Trilogy, #2 Rating: 0 out of 5 stars0 ratingsThe Currency of Confidence: How Economic Beliefs Shape the IMF's Relationship with Its Borrowers Rating: 0 out of 5 stars0 ratingsThe Relaxing Retirement Formula: For the Confidence to Liberate What You’ve Saved and Start Living the Life You've Earned Rating: 0 out of 5 stars0 ratingsHow to Deal with Damn Near Anything: The Paratrooper's Guide to Life Rating: 0 out of 5 stars0 ratingsThe Decisions That Shape One's Destiny: Find Your True Purpose, Passion and Destiny in Life. Rating: 0 out of 5 stars0 ratingsThe Retirement Trilogy Rating: 0 out of 5 stars0 ratingsLifeboat: Navigating Unexpected Career Change and Disruption Rating: 0 out of 5 stars0 ratingsTrust Your Enemies: A Political Thriller. A story of power and corruption, love and betrayal-and moral redemption Rating: 0 out of 5 stars0 ratingsHazardous Forecasts and Crisis Scenario Generator Rating: 0 out of 5 stars0 ratingsCorporate World and Beyond: Survive and grow in the corporate world and venture beyond to create new income streams Rating: 0 out of 5 stars0 ratingsEfficiency and Competition in Chinese Banking Rating: 0 out of 5 stars0 ratingsPlumbers and Visionaries: Securities Settlement and Europe's Financial Market Rating: 0 out of 5 stars0 ratingsInstitutional Investors Managing Investment Portfolios Rating: 0 out of 5 stars0 ratingsRisk Management in Banking Rating: 0 out of 5 stars0 ratingsIt's Not Your Fault!: Because You’Re Not Choosing! Rating: 0 out of 5 stars0 ratingsAchieving Lifetime Employability Rating: 0 out of 5 stars0 ratingsMasters of Money: Strategies for Success from the CFOs of South Africa's Biggest Companies Rating: 0 out of 5 stars0 ratingsDetermination of Value: Appraisal Guidance on Developing and Supporting a Credible Opinion Rating: 1 out of 5 stars1/5Wake Up Call Rating: 0 out of 5 stars0 ratingsFailure & Progress: The Bright Side of Dismal Science Rating: 0 out of 5 stars0 ratingsSweat Equity: Inside the New Economy of Mind and Body Rating: 4 out of 5 stars4/5Capitalism, the Swiss Model Rating: 0 out of 5 stars0 ratingsPAYDIRT: Mining for Profits with Gold & Silver Stocks Rating: 0 out of 5 stars0 ratingsCorporate Navigation - Charting Your Success Rating: 0 out of 5 stars0 ratingsBuy the Dip! The Magic of Averaging Down: Financial Freedom, #10 Rating: 0 out of 5 stars0 ratingsBorn Confidence: Become Your Best Self Rating: 0 out of 5 stars0 ratingsBrave New World Economy: Global Finance Threatens Our Future Rating: 0 out of 5 stars0 ratings
Personal Finance For You
We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power Rating: 4 out of 5 stars4/5The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness Rating: 4 out of 5 stars4/5Summary of The 48 Laws of Power by Robert Greene Rating: 4 out of 5 stars4/5The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5Rich Dad Poor Dad Rating: 5 out of 5 stars5/5The Millionaire Next Door Rating: 4 out of 5 stars4/5The Black Girl's Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams Rating: 5 out of 5 stars5/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life Rating: 4 out of 5 stars4/5Summary of I Will Teach You To Be Rich: by Ramit Sethi | Includes Analysis Rating: 4 out of 5 stars4/5Money Hacks: 275+ Ways to Decrease Spending, Increase Savings, and Make Your Money Work for You! Rating: 4 out of 5 stars4/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Get the Hell Out of Debt: The Proven 3-Phase Method That Will Radically Shift Your Relationship to Money Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5Investing For Dummies Rating: 4 out of 5 stars4/5The Money Answer Book Rating: 4 out of 5 stars4/5Personal Finance For Dummies Rating: 4 out of 5 stars4/5Summary of R. Nelson Nash's Becoming Your Own Banker Rating: 0 out of 5 stars0 ratingsLegal Loopholes: Credit Repair Tactics Exposed Rating: 4 out of 5 stars4/5Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5
Related podcast episodes
How to Handle Medical Bills, with Dr. Virgie Ellington 0% found this document usefulMichael Zezas: Can the Muni Market Provide Shelter? 0% found this document usefulMichael Zezas: New Restrictions in Light of Omicron? 0% found this document usefulAndrew Sheets: The Fed has More Work to Do 0% found this document usefulHow U.S. Health Care Broke The Bank 0% found this document useful281: Former Fed President Warns Easy Money Will Bring Big Consequences for Investors w/ Tom Hoenig 0% found this document usefulCHAPTER 3: HOW HEALTHCARE WAS RUINED. 0% found this document useful868 - Why we need universal health insurance 0% found this document usefulEpisode 62: Unnecessary Medical Services: Choosing Your Care Wisely 0% found this document usefulEpisode 84: Choosing Wisely (Rebroadcast): Do you really need that medical test? 0% found this document usefulMichael Zezas: Are the Worst Bond Returns Behind Us? 0% found this document usefulThe Gap Between Corporate Haves and Have-Nots 0% found this document useful
Related articles
We're Living Longer, So Stick With A Long-term Growth Portfolio Money MagazineArticle
We're Living Longer, So Stick With A Long-term Growth Portfolio
Sep 6, 2023
3 min readBitcoin’s Big Boom Has Yet To Begin MoneyWeekArticle
Bitcoin’s Big Boom Has Yet To Begin
Sep 15, 2023
3 min readWorld's Largest Asset Manager Puts Climate At The Center Of Its Investment Strategy NPRArticle
World's Largest Asset Manager Puts Climate At The Center Of Its Investment Strategy
Jan 14, 2020
2 min readThe Psychology Of A Ruptured Table Finweek - EnglishArticle
The Psychology Of A Ruptured Table
Oct 8, 2021
money dealers during the Renaissance banking boom of the 16th century in Florence, Italy operated from a table or bench known as a “banca”. Running out of money would soon attract the attention of the authorities, who would seek out irresponsible dea
3 min readThe World’s Best Bargain Stocks MoneyWeekArticle
The World’s Best Bargain Stocks
Aug 25, 2023
6 min readThe Worst Trades In History… Blockbuster Spurns Netflix MoneyWeekArticle
The Worst Trades In History… Blockbuster Spurns Netflix
Feb 3, 2023
Blockbuster was set up in 1985 by David Cook following a dispute with the video chain Video Works. His idea of setting up a chain of video stores that featured a wide range of titles, didn’t stock adult movies and displayed the videos on the shelves
1 min readHow To Make Money In Mobile-phone Payments MoneyWeekArticle
How To Make Money In Mobile-phone Payments
Mar 24, 2023
6 min readFinding A Personal Trainer Muscle & Fitness Hers South AfricaArticle
Finding A Personal Trainer
Mar 11, 2024
3 min readThe Art Of Forgiveness Australian Women’s Weekly NZArticle
The Art Of Forgiveness
May 18, 2022
5 min readIt’s Time To Worry About Inflation MoneyWeekArticle
It’s Time To Worry About Inflation
Jul 2, 2021
6 min readWhy MPs Won’t Admit To Problems With Mental Health Guardian WeeklyArticle
Why MPs Won’t Admit To Problems With Mental Health
Jan 5, 2024
3 min readConsidering a Timeshare? Don't You Ever! KiplingerArticle
Considering a Timeshare? Don't You Ever!
May 1, 2019
Over the past several years I've written about the nightmares that timeshare owners lived through, both when first purchasing -- often under physical and mental duress -- and then when attempting to get themselves out of their contracts. I never sai
4 min readCommentary: Paying For 'Medicare For All'? Honestly, It's Not A Problem Los Angeles TimesArticle
Commentary: Paying For 'Medicare For All'? Honestly, It's Not A Problem
Oct 24, 2019
Democratic presidential candidates Elizabeth Warren and Bernie Sanders have struggled to explain how they would pay for "Medicare for all." This is puzzling. A single-payer approach like Medicare for all can reduce overall health spending. Other weal
2 min readThe Sickness Of Our System TIMEArticle
The Sickness Of Our System
Feb 21, 2020
5 min readThe Sickness Of Our System Time Magazine International EditionArticle
The Sickness Of Our System
Feb 21, 2020
5 min readAs Usual, Americans Must Go it Alone The AtlanticArticle
As Usual, Americans Must Go it Alone
Mar 19, 2020
4 min readCommentary: Setting The Record Straight About What Biden’s Proposed Social Programs Would Do Los Angeles TimesArticle
Commentary: Setting The Record Straight About What Biden’s Proposed Social Programs Would Do
Nov 10, 2021
3 min readWhy We Should Expand–Not Cut–Social Security NewsweekArticle
Why We Should Expand–Not Cut–Social Security
Jan 20, 2023
7 min readCommentary: Why Aren't We Paying People With The Coronavirus To Stay Home? Los Angeles TimesArticle
Commentary: Why Aren't We Paying People With The Coronavirus To Stay Home?
Mar 6, 2020
2 min readWhy We Should Expand–Not Cut–Social Security Newsweek InternationalArticle
Why We Should Expand–Not Cut–Social Security
Jan 20, 2023
7 min readWe Can Prevent a Great Depression. It’ll Take $10 Trillion. The AtlanticArticle
We Can Prevent a Great Depression. It’ll Take $10 Trillion.
May 18, 2020
5 min readLeonard Pitts Jr.: Who Gets The Gold And Who Gets The Shaft? Tribune Content Agency OpinionsArticle
Leonard Pitts Jr.: Who Gets The Gold And Who Gets The Shaft?
May 7, 2023
Over the next few weeks, the manufactured crisis over the “debt ceiling” will reach its boiling point. But this is pure melodrama, badly overacted with the outcome already known. The real question is about our priorities – and about who gets the gold
3 min readEditorial: What Happens When The Money Runs Short For Social Security And Medicare? Chicago TribuneArticle
Editorial: What Happens When The Money Runs Short For Social Security And Medicare?
Apr 24, 2019
2 min readFrom Birth To Death, Medicaid Affects The Lives Of Millions NPRArticle
From Birth To Death, Medicaid Affects The Lives Of Millions
Jun 27, 2017
3 min readBird’s Words The Big IssueArticle
Bird’s Words
Jun 12, 2023
Why does it take so long for the penny to drop? Three years ago, when we were deep in the Covid crisis, a number of us were saying that the preceding period of austerity had weakened social delivery and harmed the health of many. It had made the NHS
3 min readEXPLAINER: A Huge Jump In Social Security Payments Is Coming The IndependentArticle
EXPLAINER: A Huge Jump In Social Security Payments Is Coming
Oct 12, 2022
5 min readHas The U.s. Government Finally Spent Too Much? ReasonArticle
Has The U.s. Government Finally Spent Too Much?
Jun 19, 2020
4 min read‘Fixing’ Social Care Requires Competence And Honesty – Not Qualities Boris Johnson Is Known For The IndependentArticle
‘Fixing’ Social Care Requires Competence And Honesty – Not Qualities Boris Johnson Is Known For
Jul 13, 2021
5 min readOpinion: Name The Much-criticized Federal Program That Has Saved The U.S. $2.3 Trillion. Hint: It Starts With Affordable STATArticle
Opinion: Name The Much-criticized Federal Program That Has Saved The U.S. $2.3 Trillion. Hint: It Starts With Affordable
Mar 22, 2019
4 min readMedicare For All? Manhattan InstituteArticle
Medicare For All?
Aug 27, 2018
3 min read
Reviews for The Retirement Crisis
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
The Retirement Crisis - Scott Thorpe
The Retirement Crisis
by
Scott Thorpe
* * * * *
Published by ARCHMEDIA LLC at Smashwords
© Copyright 2011 by Arch Media LLC
Smashwords Edition License Notes
Thank you for downloading this free ebook. You are welcome to share it with your friends. This book may be reproduced, copied and distributed for non-commercial purposes, provided the book remains in its complete original form. If you enjoyed this book, please return to Smashwords.com to discover other works by this author. Thank you for your support.
* * * * *
Forward
This is not a warning of dire consequences unless we take action. The financial mismanagement of the United States has been so bad for so long that wrenching changes are unavoidable. However, this is also an optimistic book. Because just as bad decisions created the retirement crisis, good decisions will solve it.
* * * * *
The Retirement Crisis
As the United States recovers from the financial crisis caused by the housing bubble, it faces a larger and more serious threat. Millions of American baby boomers will be retiring, and few of them have made
Enjoying the preview?
Page 1 of 1