1. 96 percent of Americans never achieve financial independence. (According to the U.S. Department of Health and Human Services, they end up dependent on charity, welfare, or family … or are forced to work past their ‘retirement age’.)
2. 97 percent of all Americans, according to the US Census Bureau, will be forced to scratch out their retirement existence on a paltry $10,000 – or less! – a year.
3. Americans aged 85 and older are now the fastest-growing segment of our population! (In fact, Hallmark sells 100,000 birthday cards for 100-year olds every year!)
4. Within 20 years, there will be 73 million Americans aged 65 and older (That’s more than double the number in that age group in 2009!)
5. Corporate pensions are nearly extinct, while Social Security and other entitlements threaten to break the federal bank for good.
6. Federal debt is predicted to swell from about $28,000 per American to more than $100,000 during the next 20 years if Baby Boomers claim all they are entitled to by current law.
Saturday, December 26, 2009
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