Post by jeffolie on Aug 9, 2012 13:15:58 GMT -6
work until you die: 50% Boomers think; not vote?
In George Orwell's book, Animal Farm, the human farmers were overthrown by the animals. The pigs became the rulers and promised during their campaign for votes to the horses that after a 1 year period that they could retire to pastuers ... the horses had to work until they died in their harnesses...work until you die
Boomers be promised a golden years, fairy tale happy ending often during their working years that SS would be fully funded if SS payroll taxes were raised, etc to get votes and avoid the '3rd rail of politics': taking a position against SS.
50% of Boomers now realize their dependence on govt for retirement was a folly, fairy tale and stupid.
Like Orwell's horses in Animal Farm, Boomers "work until they died in their harnesses...work until you die"
Will these Boomers turn against Democrats and establishment Republicans to become Independent voters? Will these Boomers decline to vote...ending a trend of older voters having a higher percentage of turnout than other categories of voters?
Boomers willingness to work until they die most likely will be overcome by medical issues. Seniors over 70 are the fastest growing category of bankruptcies, impacting their lack of enthusiasm for supporting the current system of establishment, income growth or even working among these long lived seniors often can not happen because of infirmity, aging of the mind & body plus a very high rate of alcohol abuse.
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High anxiety: Half of baby boomers doubt they will ever retire
August 9, 2012
Baby boomers are in a state of stress, with half unsure of their retirement prospects and the vast majority blaming political gridlock for damaging their economic security, according to interest group AARP.
Nearly half of voters ages 50 to 64 who have yet to retire say they’re dissatisfied with their financial situation, AARP found in a recent survey. A majority believe the economic downturn will shrink their retirement savings, forcing them to rely more on Social Security and Medicare.
Nearly three quarters believe they’ll have to delay retirement and continue working, while nearly as many don’t think they’ll live comfortably once they reach it.
Half don’t think retirement will ever come, compared to 43% of younger voters.
Since 2005, the median wealth of a boomer household has sunk more than 17% to $149,348, according to recent Census Bureau figures. Many no longer plan to leave their children an inheritance.
Worries about health care, inflation, taxes, nest eggs and more have boomers scoring a 70% on AARP’s anxiety index, compared to 59% of younger voters and 46% of people ages 65 or older.
Researchers said the results are surprising, considering boomers are often considered to be a big-living demographic looking forward to their golden years.
“You see these numbers, and they’re anything but,” said pollster Greg Strimple in a statement.
What’s to blame? According to 82% of boomers, at least part of their economic malaise was caused by the impasse on Capitol Hill.
www.latimes.com/business/money/la-fi-mo-boomer-retirement-aarp-20120809,0,4926821.story
In George Orwell's book, Animal Farm, the human farmers were overthrown by the animals. The pigs became the rulers and promised during their campaign for votes to the horses that after a 1 year period that they could retire to pastuers ... the horses had to work until they died in their harnesses...work until you die
Boomers be promised a golden years, fairy tale happy ending often during their working years that SS would be fully funded if SS payroll taxes were raised, etc to get votes and avoid the '3rd rail of politics': taking a position against SS.
50% of Boomers now realize their dependence on govt for retirement was a folly, fairy tale and stupid.
Like Orwell's horses in Animal Farm, Boomers "work until they died in their harnesses...work until you die"
Will these Boomers turn against Democrats and establishment Republicans to become Independent voters? Will these Boomers decline to vote...ending a trend of older voters having a higher percentage of turnout than other categories of voters?
Boomers willingness to work until they die most likely will be overcome by medical issues. Seniors over 70 are the fastest growing category of bankruptcies, impacting their lack of enthusiasm for supporting the current system of establishment, income growth or even working among these long lived seniors often can not happen because of infirmity, aging of the mind & body plus a very high rate of alcohol abuse.
=============================
High anxiety: Half of baby boomers doubt they will ever retire
August 9, 2012
Baby boomers are in a state of stress, with half unsure of their retirement prospects and the vast majority blaming political gridlock for damaging their economic security, according to interest group AARP.
Nearly half of voters ages 50 to 64 who have yet to retire say they’re dissatisfied with their financial situation, AARP found in a recent survey. A majority believe the economic downturn will shrink their retirement savings, forcing them to rely more on Social Security and Medicare.
Nearly three quarters believe they’ll have to delay retirement and continue working, while nearly as many don’t think they’ll live comfortably once they reach it.
Half don’t think retirement will ever come, compared to 43% of younger voters.
Since 2005, the median wealth of a boomer household has sunk more than 17% to $149,348, according to recent Census Bureau figures. Many no longer plan to leave their children an inheritance.
Worries about health care, inflation, taxes, nest eggs and more have boomers scoring a 70% on AARP’s anxiety index, compared to 59% of younger voters and 46% of people ages 65 or older.
Researchers said the results are surprising, considering boomers are often considered to be a big-living demographic looking forward to their golden years.
“You see these numbers, and they’re anything but,” said pollster Greg Strimple in a statement.
What’s to blame? According to 82% of boomers, at least part of their economic malaise was caused by the impasse on Capitol Hill.
www.latimes.com/business/money/la-fi-mo-boomer-retirement-aarp-20120809,0,4926821.story