Post by jeffolie on Mar 19, 2013 16:17:50 GMT -6
work until you die: 83% today; 50% 1 yr ago
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 have been 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.
Today, only 17% believe they saved enough meaning they will have to work until they die working.
" .... Only 17 percent of workers aged 55 or older are "very confident" they will have enough money to live comfortably throughout their retirement years.
In 2012, one year ago, 50% of Boomers now realized 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
www.latimes.com/business/money/la....0,4926821.story
===================================
2013 Retirement Confidence Survey
Most workers aged 55 or older have little savings, according to the 2013 Retirement Confidence Survey. More than one-third has less than $10,000 in savings and investments, and the 52 percent majority has less than $50,000. Only 42 percent have more than $100,000.
Meager savings is one reason why most older workers (54 percent) say they will never retire or will postpone retirement until age 66 or older, up from 37 percent who said this a decade ago. Only 17 percent of workers aged 55 or older are "very confident" they will have enough money to live comfortably throughout their retirement years.
Source: Employee Benefit Research Institute, 2013 Retirement Confidence Survey
www.ebri.org/surveys/rcs/
demomemo.blogspot.com/
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 have been 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.
Today, only 17% believe they saved enough meaning they will have to work until they die working.
" .... Only 17 percent of workers aged 55 or older are "very confident" they will have enough money to live comfortably throughout their retirement years.
In 2012, one year ago, 50% of Boomers now realized 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
www.latimes.com/business/money/la....0,4926821.story
===================================
2013 Retirement Confidence Survey
Most workers aged 55 or older have little savings, according to the 2013 Retirement Confidence Survey. More than one-third has less than $10,000 in savings and investments, and the 52 percent majority has less than $50,000. Only 42 percent have more than $100,000.
Meager savings is one reason why most older workers (54 percent) say they will never retire or will postpone retirement until age 66 or older, up from 37 percent who said this a decade ago. Only 17 percent of workers aged 55 or older are "very confident" they will have enough money to live comfortably throughout their retirement years.
Source: Employee Benefit Research Institute, 2013 Retirement Confidence Survey
www.ebri.org/surveys/rcs/
demomemo.blogspot.com/