We're All Gonna Work 'till We Die. Yay Capitalism!

For a generation to emerge from two bullish decades with less wealth than its parents had “is remarkable,” Mr. Wolff said. Based on economic growth and market returns over those 18 years, he said, their wealth “should be up around 30 or 40 percent.”

[…]The advent of self-directed retirement plans, by contrast, is giving rise to an elite minority who are well prepared for retirement, and a majority who are falling behind, the numbers show.

Update: here’s the link http://www.nytimes.com/2004/06/13/business/yourmoney/13unequal.html.