Thanks for your comment. It is really scary isn’t it?

I completely agree with your worry over some of the largest employers going bankrupt. Especially the auto companies. My father-in-law worked for Ford before he retired, and it is a real threat that his pension could be decreased or eliminated all together.

There just really is no security any more, or at least, not the same type of security our grandparents and great grandparents experienced. We might be able to conduct our finances differently, and raise our children to do so, but I am afraid that the boomer generation is going to face a LOT of problems as they try to leave the workforce.

Something I’m particularly concerned about are possible bankruptcies by America’s largest employers (i.e. General Motors). What happens if these guys go bankrupt, killing any chances of workers receiving their pension benefits? Definitely won’t be pretty.