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— Hedrick Smith"The retirement financial crisis will affect far more people than baby boomers, and certainly it will affect their children. Most of the retirees and near-retirees with whom we talked, said that they were extremely reluctant to have to depend on their children financially, or to think of moving in with their children. But the mere fact that they were discussing those issues indicates that some of them have already figured out that that is what lies ahead for them."
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Young Baby Boomers were forced to play duck-and-cover in school, in hopes that a desk would protect them from an atomic explosion. It was all bullshit, and they knew it. They were questioning the entire adult establishment, and that was the root cause of juvenile delinquency. It was also the root cause of EC's success; kids were looking for ways to numb themselves to this horror that they felt.
— Al Feldstein
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The children of baby boomers should take very seriously the consequences for them of the inadequate funding for them of the baby boomer generation. This is a huge economic problem for the nation, not just for individuals or individual families. Think about it for a minute - if retirees become 20% of our population and their purchasing power falls below what has been normal for retirees in the past, one important engine driving our economy will be diminished.
— Hedrick Smith
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