Right now, the problem looks insurmountable and easily capable of overwhelming any efforts of both the private and public sectors to redress it. Certainly, there is only so much the tiny profession of financial planning can do.
But the vast scope of the problem isn't preventing some of the best people in this business from pitching in. In this month's issue, contributing editor Karen DeMasters looks at what a few folks involved with the Financial Planning Association's East Bay Chapter are doing. People like Saundra Davis, Frank Paré, and many others aren't throwing up their hands at what seems like an impossible task. Like a growing number of advisors around the country, they are doing what they can.
In the long term, that's the only way intractable problems ever get solved-one individual at a time. Job creation won't disappear forever. By the end of this decade, some demographers project the U.S. economy will start to run out of workers in some industries as baby boomers retire. That seems light years away today.
Evan Simonoff, Editor-in-chief
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