But it will be hard. The preceding generation financed its retirement with corporate pensions and home equity. Most of the boomers are expected to have 10 employers before retirement. They won't spend enough time with any one of them to become vested. Houses are not likely to be paid for by retirement time.
Mortgage rates are higher.
The driving forces restructurings, plant shutdowns and shifting markets are all symptoms of enclosure. But they'll still have Social Security. The political clout of the nation's senior citizens makes Social Security politically untouchable for budget-cutting. Even so, the government's universal retirement plan is an enormous financial drain. As the age distribution in the American population changes, Social Security is likely to be perceived as the tyranny of senescent, white middle class perpetrated against a young, predominantly poor workforce.