[1Old Pro]

Only 21 percent of American workers have traditional pensions, so many boomers will have to finance largely on their own what's expected to be unprecedented longevity. "I think you've got a huge problem out there with individuals who have been handed the keys to their retirement future without an owner's manual," VanDerhei said. Many boomers had children later and will be paying college costs at a time when past generations saved for retirement. Many will help pay for the care of their longer-living parents.

I AGREE 110% that taxes are rising TOO quickly. I also know that boomers are not saving and the "retirement" squeeze will effect them greatly.

[Graybeard58]

I AGREE 110% that taxes are rising TOO quickly

I guess I'm lucky, I have lived in my present home for 13 years and my taxes have gone up about 10% total.