Dean Baker | Housing Market Meltdown Cause Massive Losses http://www.truthout.org/article/housing-market-meltdown-caus...Dean Baker, for the Center for Economic and Policy Research: "As Senators McCain and Obama fine-tune their plans for Social Security in preparation for the 2008 presidential election, a new report from the Center for Economic and Policy Research (CEPR) shows that, due to the collapse of the housing bubble, the vast majority of Americans have accumulated little or no wealth. This means that they will be almost completely reliant on Social Security and Medicare to support them in their retirement years."
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