[quote=SD Realtor]Well yes flyer and you are not unlike most people on this board. Unfortunately that level of preparation is representative of a very very very small fraction of the population. The other hundred or so million people who will be 60 or older in about 15 to 20 years are pretty screwed wouldn’t you say?[/quote]
I absolutely agree SD Realtor–it’s an unfortunate situation–and I certainly don’t have the answers.
Wish I did.
Whomever or whatever is to blame, we’re here, and, IMHO, there is no turning back. I’m very grateful that I started out in life at a time when everyone I knew talked about living their dreams–and we did.
I tried to raise my kids with that same feeling. Thankfully, I have been able to see them achieve that level of success in life also.
Eventually, though, and I think it has already started, I believe life will become a matter of survival for most people–even the most well prepared. (i.e. look no further than the dismal stats on recent college grads who expected to walk into their dream jobs and dream homes as most in my generation did.)
Even though I don’t know any “Boomers” with as low a net worth as mentioned in the article below, it is a highly entertaining, and somewhat sadly true commentary on our current state of affairs, as well as a possible foreshadowing of what lies ahead. . .
One generation hating another for who SOME of them are or aren’t isn’t going to make one bit of difference in the outcome of anyone’s life, whether it’s true or not.
That’s why I think one of the most important things any of us can do, is to try to take care of ourselves and our own to the highest level possible for as long as we possibly can.
