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Jan 31
2012
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Boomers Beware / Boomers Need to Pay Attention to their MoneyPosted by: Boomer Abroad in MyBlog on Jan 31, 2012 Tagged in: Untagged
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Here's a little secret that all of you boomers should know.
Unsustainable U.S. debt has finally caught up with us. Government forecasts are unrealistically optimistic as Obama continues to pump money into the economy to help stimulate demand and get us out of the downward spiral we are in. The money they are pumping in was not earned, it was created out of thin air. For every dollar that gets created out of thin air, the value of your assets, savings, investments and real estate goes down.here are some fundamental reasons why we are in this mess. Some major factors include the fact that we have exported many of our jobs, we are carrying huge amounts of debt, we continue to import more than we export, we have been unrealistic in the value of our homes, we have failed to save effectively, banks have adopted a very tight lending strategy, our cost of health care is unaffordable due to the threat of torts, litigation, malpractice claims and layers of attorneys and insurance companies that are living off the health care system and our government has recently privatized much of the debt that was being carried by foolish investors. Even in a good economy, our Social Security and health care benefits are unrealistic. Our government has now built up the largest debt level in history and sooner or later someone has to pay it off. The single biggest threat to us boomers is the instability of the value of the US dollar. The dollar has continued to slide against more stable currencies, eroding the value of your assets and savings. For most of us, our assets are things like our home, our stock portfolios including retirement funds and our savings. As the dollar drops in value, our net worth falls on a global basis.
Read Complete Article at Pacific Lots Website from Costa Rica.
Marketing to Baby Boomers
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