The Recession's Impact on Baby Boomer Retirement

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What about people on Social Security Disability?
I am on it now because of my Multiple Scerlosis.
Will what I'm receiving now drop dramtatically in retirement?

Ann Berg of CO 10:37AM November 09, 2011

If you were born in 1940, you're now 71, doing RMDs from your IRA. If you were born in 1961-2, you were one of the last two years of baby boomers, and you are 50 in 2012, and an "empty nester."
The former age group is annually making withdrawals from IRAs for spending money. More of them, every year. Millions more.
The latter age cohorts are probably plowing money in to retirement savings. They have to.
The vast baby boom mob of 80 million is now entirely age 50 to age 68. These folks are Savers now, not Spenders.
I suggest that the invention, and rapid acceptance, of the birth-control pill in 1959 ended the baby boom by 1962. There followed a 12- year decrease in number of babies being born. It's now 50+ years later, and the economic consequences of the 12-year decrease in births is contributing to the on-going, slow GDP. If the down-turn started in 2008, then we have 9 slow years to go, before the next up-turn caused by the next generation.

Andrew T Graybar, CFP, Tallahassee of FL 12:25PM November 04, 2011