Sunday, November 8, 2015

On not working forever...................

The Zero Hedge blog points to an obvious fact about Social Security:  there will be some solvency issues.  The big and unanswered questions are why? and what to do?

We could point a finger at the government, as he does:

Ultimately this is a just another chapter in the same story– that government cannot be relied on to provide or produce, only to squander and fail.

Or, we could point a finger at us boomer citizens, as he also does:

The US Government Accountability Office recently released a report showing that tens of millions of Americans haven’t saved a penny for retirement; and roughly half of Baby Boomers have zero retirement savings.

Ultimately though, haven't we, as a society, become confused about the responsibility of control over our own lives?  To wit:

Financial literacy is absolutely critical here, which includes the ability to both generate income and manage money, two things that aren’t taught in the government controlled education system.

Ultimately, learning to rely on yourself is no easy task, but it is an incredible opportunity to become more free.

Can I get an Amen............................................?

Ed Note:  For further understanding, and a lesson in government-speak, you may want to read this.

1 comment:

  1. Clearly scary, but true. When living in N.O. and a hurricane was heading towards us, I would be reminded every time, "if we take a direct hit, we are going to be completely flooded. We live in a bowl." Fortunately, we moved away 4 years before Katrina hit and avoided the whole mess.

    We've been hearing about SS failing for many years now, haven't we. A financial Katrina is coming and so many are unprepared. I'm not where I need to be but I am in my late 50's now. Probably will be drinking from the last drops SS as we knew it. Thanks for sharing this. I posted in on FB for my thousands of friends there. E.