No, it will really blow up. Unless one believes that the past century of stock market behavior will suddenly change, we are going to see lower PE ratios over the next decade. Forget 15% stock market yields; 5% will be really good.
As one poster stated so succinctly, the answer is to keep working. In the final analysis, that's exactly what's going to happen.
Gee, the truth is ugly!
Corporate America can't and won't allow it due to increasing health care and lower productivity of older workers.
Instead of less look for more on the government dole.
BUMP