Unexpected consequences
  Sonoransooner - February 23rd, 2009    Views1: 349    Rated: 
My Picture
yle="font-style: italic; font-weight: normal;">Boomers will refuse to leave the building. A whole tier of older employees who planned on retiring now or in a few years simply can’t—their 401(k) retirement accounts look way too scary. In 2008 alone U.S. workers aged 55 to 64 who have had 401(k)s for at least 20 years saw their retirement balances drop an average of 20 percent. This means those who expected promotions when the boomers cleared out are going to have to stew in their own juices and gripe around the water cooler. Office politics just got a lot nastier.
Related Article