Feeling pleased that I had survived another year and the annual predictions of the apocalypse, I made the mistake of picking up “Falling Short: The Coming Retirement Crisis and What to Do About It” (Oxford University Press).
Written by Alicia H. Munnell, the director of the Center for Retirement Research at Boston College, with Andrew D. Eschtruth, a colleague there, and Charles D. Ellis, a widely respected consultant and author, “Falling Short” does a fine job of clearly laying out the whats and whys of the impending crisis. It also provides a number of reasonable sounding alternative paths to avoiding financial Armageddon for the coming generations of seniors.
But when I put the book down, I was left with a queasy feeling in my stomach that we are destined to calmly continue down the path we are on until all those reasonable sounding solutions are no longer practical.
