We learned from our parents that, “money doesn’t grow on trees.” That’s because those of us born between 1930 and 1945 were raised during the Great Depression followed by a period of sacrifice during WWII. Along with the baby boomers now turning 65, we were taught that America never had to endure such dire times [...]
Most people 65+ remember WWII or heard firsthand about what happened on the home front during those frightful years. While our troops are currently engaged in wars and unrest away from home, there is a battle going on right here in the United States. The battle to get the national debt under control affects not [...]
Over the past few weeks, I talked with several acquaintances that were retired or qualified for it. I asked each one how they enjoyed their new status and what they do with their time. The answers are surprising as well as disappointing.
Two of the four men had done well in the business world and had [...]
Why? Because food prices climbed 3.9% in a single month, due in part to vegetable costs jumping by 50% along with higher distribution costs resulting from soaring gasoline prices. Petroleum price hikes are also responsible for higher prices for many products purchased by those 65+ as well as anyone on fixed incomes.
The wholesale price of [...]
The national debt has increased to more than $14 trillion dollars as of mid-February, 2011. This translates to about $125,000 per US household. Without serious spending cuts and major changes in the way government handles the money we entrust to it, future generations will drown in a sea of debt, which we created.
Those over 65 [...]
