If you are an American under the age of 30, you have probably figured out by now that the entire economic system is stacked against you. The way that our economy is structured today is ridiculously unfair to younger Americans. First, we endlessly push our young people to go to our ridiculously expensive colleges and universities where the pile up enormous amounts of debt. Then they get out into the real world where they find that only a handful of really good jobs are available for the vast army of college graduates entering the workforce. Sadly, most of the jobs that our young people are working these days do not pay enough to be able to support a family or buy a decent home. Meanwhile, our politicians are busy mortgaging their future. Our young people are expected to support a Social Security system that will not be there when they get older, and every single day more than 2 billion dollars is added to a debt that will hang around the necks of younger Americans and their children for the rest of their lives. If you stop and think about all of this for too long, your head might just explode with anger. Well, not literally, but you get the point. The truth is that this is going to be the first generation in U.S. history that is going to do significantly worse than their parents, and that is a terrible shame. (Read More...)
Social Security
For Millions Of Senior Citizens The Only Future They Have To Look Forward To Is One Filled With Debt And Poverty
In America today, millions upon millions of senior citizens are very deep in debt. In fact, more elderly Americans than ever before are going bankrupt. Millions of others are living in extreme poverty or are just barely getting by on meager fixed incomes. Meanwhile, the price of food is going up, the price of gasoline is going up, the cost of heating homes is going up and health insurance premiums are absolutely soaring. Millions of our senior citizens suddenly find themselves financially squeezed more than they ever have been in their entire lives. Unfortunately, at the same time all of this is happening, our government officials are realizing that they simply don’t have the money to keep the financial promises that they have been making to our retirees. Sadly, what this all means is that for millions of our senior citizens, the only future they have to look forward to is one filled with debt, poverty and financial pain. (Read More...)
43 Percent Of Americans Have Less Than 10,000 Dollars Saved For Retirement
The United States financial system is facing a retirement crisis of unprecedented magnitude in the coming years. Social Security and Medicare are both on the verge of collapse, and both private and public pension funds all over America are massively underfunded. Now new data is revealing that the number of Americans who have virtually nothing saved up for retirement continues to grow at a rapid pace. According to the Employee Benefit Research Institute’s annual Retirement Confidence Survey, the percentage of American workers who have less than $10,000 saved for retirement has grown to 43%. The number of American workers who say that they have less than $1,000 saved for retirement has grown to 27%. But perhaps this should be no surprise considering the fact that tens of millions of Americans are just trying to figure out how to get through each month financially. After all, it is really hard to plan for retirement when you can barely pay your mortgage. (Read More...)