I don't know whether this is more depressing because of what it says about retirement income or what it says about an important segment of the Indiana economy, but it IS depressing: "People over 55 today will spend their golden years in the equivalent of Elkhart, Indiana." That's froma piece from Gary North, who says people near retirement haven't quite yet grasped that their "golden years" aren't going to be quite what they imagined:
We have not yet seen real fear. We will. We have not yet seen Main Street in the condition that it has become in Elkhart, Indiana. We will.
President Obama told Elkhart that he had not forgotten the city. I suspect that by now, he has. The photo op is over. The bailout was passed. The economy is falling. The least of his concerns
