Twilight of the Years
Cross-post from Steve of GetOutofDebt.org.
To make it through tough times more Americans have borrowed, stolen or raided their small retirement funds to make ends meet.
Loans from retirement funds jumped 20 percent last year. This really can’t be a big surprise to many. Faced with difficult financial decisions people will tend to gravitate towards the oath that seems easiest and less painful immediately.
The Unmasking of the Future
The twilight of the years – everyone is heading there. Thanks to medicine, people now have a lifespan of 80 years. Whether that is good news or not, the fact remains – we have to prepare for a long life. But how grand or how miserable your exit will be is up to you.
Yes, in fact, the world is graying. The United Nations projected that by the year 2050, the population of 60 plus would have doubled and that this would place enormous social and financial strain on private pension and government social security systems.
In third world countries, the strain is not only on the economy but also on family relationships.
If you are old and feel the weight of your years, you know what I mean.
If are taking care of an old relative, or have, you know of what I speak of.
I have, too. If only for a moment.