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As Luds stated, if you are living off of your retirement savings, you are the ones most affected.
I remember a radio money show host saying that when you are young, you want to be investing for "growth", and when you are nearing retirement, you want your investments leaning towards "returns"
Growth = stock price goes up (or down, as it may be) so that your "shares" are worth more.
"Return" = your shares don't fluctuate much (or at all in mutual funds) so you are looking at dividends and cap gains.
everyone receiving a distribution from their retirement plan is getting whacked because they HAVE to take the money or pay a penalty.
I am not hurting right now, but fortunately I live at home with an elderly parent, and the house is paid off. We are not hurting, and are in the process of finishing the basement. It's amazing what a little insulation does to warm up a room.
What I believe will happen will be like Bigfish was saying.
More people will "make it at home" instead of just paying out of pocket. I prefer any "homemade" creation because it shows that the creator cared enough about the quality of the goods (as well as their skills) and it saves $$ in the long run.
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