The Beginning Of The End
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21 Signs That The New Reality For Many Baby Boomers Will Be To Work As Wage Slaves Until They Drop Dead

All over America tonight, millions of elderly Americans are wondering if their money is going to run out before it is time for them to die.  Those that are now past retirement age are not going to be rioting in the streets, but that doesn't mean that large numbers of them are not deeply suffering.  There are millions of elderly Americans that are leading lives of "quiet desperation" as they try to get by on meager fixed incomes.  Many are surviving on Ramen noodles, oatmeal, peanut butter or whatever other cheap food they can find in the stores.  There are some that are so short on cash that they will not turn on the heat in their homes until things get really desperate.  As health care costs soar, millions of elderly Americans find themselves deep in debt and facing huge medical bills that they cannot possibly pay.  A lot of older Americans would go back to work if they could, but jobs are scarce and very few companies seem to even want to consider hiring them.  Right now caring for all of the Americans that have already retired is turning out to be an overwhelming challenge, and things are about to get a whole lot worse.  On January 1st, 2011 the very first Baby Boomers turned 65.  A massive tsunami of retirees is coming, and America is not ready for it.

Sadly, most retirees have not adequately prepared for retirement.  For many, the recent economic downturn absolutely devastated their retirement plans.  Many were counting on the equity in their homes, but the recent housing crash crushed those dreams.  Others had their 401ks shredded by the stock market.

Meanwhile, corporate pension plans all across America are vastly underfunded.  Many state and local government pension programs are absolute disasters.  The federal government has already begun to pay out significantly more in Social Security benefits than they are taking in, and the years ahead are projected to be downright apocalyptic for the Social Security program.

So needless to say, things do not look good for the Baby Boomers that are now approaching retirement age.

The following are 21 signs that the new reality for many Baby Boomers will be to work as wage slaves until they drop dead....

#1 According to a shocking AARP survey of Baby Boomers that are still in the workforce, 40 percent of them plan to work "until they drop".

#2 A recent survey of American workers that included all age groups found that 54 percent of them planned to keep working when they retire and 39 percent of them plan to either work past age 70 or never retire at all.

#3 A poll conducted by CESI Debt Solutions found that 56 percent of American retirees still had outstanding debts when they retired.

#4 A recent study by a law professor from the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States.  Back in 2001, they only accounted for 12 percent of all bankruptcies.

#5 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.

#6 Most of the bankruptcies among the elderly are caused by our deeply corrupt health care system.  According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States.  Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#7 The U.S. government now says that the Medicare trust fund will run dry five years faster than they were projecting just last year.

#8 Starting on January 1st, 2011 the Baby Boomers began to hit retirement age.  From now on, every single day more than 10,000 Baby Boomers will reach the age of 65.  That is going to keep happening every single day for the next 19 years.

#9 Over 30 percent of all U.S. investors currently in their sixties have more than 80 percent of their 401k retirement plans invested in equities.  So what happens if the stock market crashes again?

#10 All over the United States predatory lenders are coldly and cruelly foreclosing on elderly homeowners.  You can read what one lender is doing to a 70-year-old woman and her terminally ill husband right here.

#11 Medical bills are absolutely devastating large number of elderly Americans right now.  Many are going to great lengths to try to pay their bills.  An elderly woman that lives in the Salem, Oregon area that is fighting terminal bone cancer tried to raise some money for her medical bills by holding a few garage sales on the weekends.  However, a neighbor ratted her out, and so now the police are shutting her garage sales down.

#12 Social Security's disability program has already been pushed to the brink of insolvency and wave after wave of new applications continue to pour in.

#13 Approximately 3 out of every 4 Americans start claiming Social Security benefits the moment they are eligible at age 62.  Most are doing this out of necessity.  However, by claiming Social Security early they get locked in at a much lower amount than if they would have waited.

#14 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010.  That was not supposed to happen until at least 2016.  Sadly, in the years ahead these "Social Security deficits" are scheduled to become absolutely nightmarish as hordes of Baby Boomers retire.

#15 In 1950, each retiree's Social Security benefit was paid for by 16 U.S. workers.  In 2010, each retiree's Social Security benefit was paid for by approximately 3.3 U.S. workers.  By 2025, it is projected that there will be approximately two U.S. workers for each retiree.  How in the world can the system possibly continue to function properly with numbers like that?

#16 According to a shocking U.S. government report, soaring interest costs on the U.S. national debt plus rapidly escalating spending on entitlement programs such as Social Security and Medicare will absorb approximately 92 cents of every single dollar of federal revenue by the year 2019.  That is before a single dollar is spent on anything else.

#17 Most states have huge pension liabilities that are woefully underfunded.  For example, pension consultant Girard Miller recently told California's Little Hoover Commission that state and local government bodies in the state of California have $325 billion in combined unfunded pension liabilities.  When you break that down, it comes to $22,000 for every single working adult in the state of California.

#18 Robert Novy-Marx of the University of Chicago and Joshua D. Rauh of Northwestern's Kellogg School of Management recently calculated the combined pension liability for all 50 U.S. states.  What they found was that the 50 states are collectively facing $5.17 trillion in pension obligations, but they only have $1.94 trillion set aside in state pension funds.  That is a difference of 3.2 trillion dollars.  So where in the world is all of that extra money going to come from?  Most of the states are already completely broke and on the verge of bankruptcy.

#19 According to one recent survey, 36 percent of Americans say that they don't contribute anything at all to retirement savings.

#20 According to another recent survey, 24 percent of all U.S. workers say that they have postponed their planned retirement age at least once during the past year.

#21 Even though prices for necessities such as food and gas have been exploding, those receiving Social Security benefits have not received a cost of living increase for two years in a row.  Many elderly Americans that are living on fixed incomes are being squeezed like they have never been squeezed before.

There are millions of Americans out there that have done everything "right" all of their lives, but that now find the system letting them down in their golden years.

So how badly are some people hurting?  Well, a reader identified as "Anna44" recently shared with us what some of her family members have been going through in this economy....

My B-I-L was a dealership owner/manager who worked long hours over 38 years and had to close his doors when Saturn was dissolved. When his dealership went under, 72 others lost their job. That’s 72 families who took a hit. He lost his home, everything. A few of his former employees lost their homes as well eventually. They were not lazy or WORTHLESS. It took him a year and a half to finally find something, but now he lives in a hotel unable to qualify for a house or apartment. This is an educated man who competed nationwide for top dog and got it more then once. His biggest fault? He’s almost 60, young enough to need the work, but too old to be hired.

As for my husband- 26 years AF officer, handling millions & billions on International & National levels has just entered his 7th month of unemployment. Two tours abroad- lazy he is NOT. He doesn’t qualify for unemployment, nor is he counted because he gets a retirement check. He wants and needs to work- yet there is little out there. If he doesn’t find something soon, we too will lose the home we sunk every cent into after 20 years of saving for it!

These are Americans that should be getting ready to enjoy their golden years, but that are now fighting just to survive.

Today you will find a disturbingly large number of elderly Americans flipping burgers or welcoming people to Wal-Mart.  But most of them are not doing it because they are bored with retirement.  Rather, most of them are working as wage slaves because that is what they have to do in order to survive.

Sadly, there are a whole lot of companies out there that do not want to hire people that are past a certain age.  If you are older than 50, there are a lot of jobs that you should just basically forget about applying for.

Instead of valuing the experience and wisdom of our elders, our society openly makes fun of them and treats them as undesirables.

If you are afraid of getting old, you are not being irrational.  Getting old is indeed something to fear in this society.  We tend to treat elderly Americans like garbage.

Abuse of the elderly is rampant.  For example, a report from a couple of years ago found that 94 percent of all nursing homes in the United States had committed violations of federal health and safety standards.

As the U.S. economy continues to crumble, the way we treat the elderly is probably going to get even worse.

Right now there is tons of bad news about the economy, and another major economic downturn would put even more pressure on federal, state and local government budgets.

The truth is that there is simply no way that we can keep all of the financial promises that we have made to elderly Americans even if the most optimistic projections for our economy play out.

If the worst happens, we are going to see a lot more elderly Americans eating out of trash cans and freezing to death in their own homes.

The United States is facing a retirement crisis of unprecedented magnitude.  A comfortable, happy retirement is rapidly going to become a luxury that only the wealthy will enjoy.

For most of the rest of us, our golden years are going to mean a whole lot of pain and suffering.

That may not be pleasant to hear, but that is the truth.

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  • laura m.

    James: your ideas may work for some, but elderly parents still want to boss their adult children, and couples need privacy. Ideally, is several folks I know built an add on efficiency apt. or put a small mobile home with a ramp on their rural property for a parent. Nursing homes are for those who can’t do for themselves and /or in wheelchairs and need personal assistance in the bathroom, and need constant care/watching when their mind goes like Alzhiemers, etc.

  • Noogan

    Charles: You’d better recalculate. The SS re-opt in provision has been changed. You can’t do it anymore!

  • Texar

    Wisdom comes from God… not from being old.

  • bobbobbobbob

    dont worry u will get a tooth infection then septis tnen quickly die but not itals brits japs sweeds only members of that failed state -THE BRA thank the rebuplicanterrorists and the bluedogs

    • bobbobbobbob

      look at those toothless workers at walmart then google “walmart pesant insurance” as for jobs your very taxes are paying for the outsourcing that brought you down google “tax credits for exporting us jobs” CHINA RULES U R IGNORANT FOOLS

  • William

    Do not blame the Boomers for this problem. The Boomers have been taxed to death to provide very generous Social Security and Medicare benefits to the WWII generation, who paid little into these systems. A WWII vet born in 1920 did not pay any Medicare tax until he was 45 years of age in 1965. The problem with Social Security is that $2.6 TRILLION of paid-in taxes have been sucked off to pay for normal US government operations, stupid earmark pork and unnecessary wars of choice. To all Republicans, I say REPAY the $2.6 TRILLION to the Social Security system before you whine. Of course, the only way to repay that theft of funds is by borrowing, or taxing. America is already bankrupt, so neither of those two will work.

  • karen

    I sit here at work and look around and most folks don’t seem to care about the fate of others, my deepest concern is children and the older folks. Most people here have money and all the things they want, but that is all going to change, no one is going to be spared when the dollar totally crashes, and it will. People are going to have a hard time eating that new car or flat screen, and the older folks and children are going to be the blunt of everyones anger.

  • mile

    number nine… how many over 60s are considered investors,..?…all..?….my tax accountant had classified me as investor and i was a spender going broke..?

  • Mark

    Many are abusing the safty nets the taxpayers have been paying for. Most of this abuse is legal. I know of one couple that recieves $5,500 in state pension, $1,500 in social security benifits and the wife recieves $1,200 in social security disability benifits. They are worth over one million dollars. There is no way younger workers can pay these type of pensions and feed themselves. The government class of retires demand too much of the pie.
    Families are going to have to take care of their own elderly at home as been the case through out most of human history.
    Medicare was not set up to take care of the high costs of todays medical technology. Knee and hip replacments which are so common today did not exist years ago. Scooters for use around the house cost a lot of money. These things bring on a better quality of life, but are the taxpayers required to pay for all of these types of services?
    I have a friend that is 87 years old. She has her own home, but is way past being able to take care of it herself. We have invited her to come live with us. This is what is needed to help the elderly. They need people to care about them, but at the same time not try to rake in more government money for the service.

  • Black and White

    Your slaves, all of you.
    Your only purpose is to serve the Man.

    Get up and work, 8 hours even more a day then, repeat this act over and over again, 5 days a week, some of you 6 days a week.

    They will raise the prices of everything, fuel, food, rent, all the basics you need to survive just so they can get back most of the money they paid you in slave wages.

    Face it, you are all slaves inside this rich mans game.

    To break free you must first see the truth.
    The rich own you, corporate America owns you, you are cattle and will be treated as such.

  • mondobeyondo

    Roger Daltrey (of the Who) didn’t quite get his wish he sang about in “My Generation” – he’s old and he’s still alive. But financially, he’s better off than a lot of people his age. And he was right about one thing – “Things they do look awful c-c-cold..”.

  • http://www.placeofrefuge2012.com Sheila

    All I know is as long as this corrupt systems is still on its feet we all will be indebted to it.

    http://www.placeofrefuge2012.com

  • Z

    Save funds by closing down the Lazy workers at DHS, CPS, Police Dept’s, State Funded Colleges, State Funded Mental Health Agencies, Get rid of the waste ….. Take our 401 ks – there needs to be some hard changes to work on these issues!

    Wake – Up you sleeping masses, many are so dumbed down and really have no idea what is surely happening, whats taking place will soon be upon all of us!

  • http://yahoo.com dannyboy71

    What did the politicians do with all of their money. Because the elected officials and all the bureacrats spent all of it. Let’s get’em. All of them. I mean there is a reason they want to take away our 2nd amendment, because they are truly scared, but they keep pushing and pushing their luck. I’ve had it. We need a Ten million man march on Washington, D.C. during session. One by one we will get you…………… Never mind I have to go to work that day and pay my fair share to Uncle Sammy…….

  • Faith

    Hello everyone……
    Have any of you grown up POOR??
    You talk about retirements………..
    I got my first new coat from a store when
    I was in 7th grade.
    The US Army did experiments on my dad and he
    died after open heart surgery in a VA hospital
    of STAFF. The nice vaccines they gave out, gave my mom cancer, and much more.
    I have worked constant since I (now 56)was
    18 and have NEVER had any extra to even consider putting any away. I guess I could
    have aborted my only child and saved some.
    That is what evil wants!!!! I could never
    kill a baby!!!!!!! DUH!!!
    THIS IS NUTS !!!!!
    MSM and all the fake BS running this country
    is going to take the hand of YHVH off this
    country just in time for the creep being held
    in Heaven to come to RAPTURE any dooped away.
    What I fear is not enough of the sheeple will wake up in time and will loose their
    souls. WAKE UP AND READ THE BIBLE !!
    It is a letter to us……..DUH…HELLO ??
    I have done a lot of research and if we
    do not get this country back from the flippin
    roth-doggers,…….bo,(pawn) and evil banksters;
    the NWO is next……will you get your national ID card to eat?????????
    I prefer to starve and save my soul.
    Just the money spent bailing out the bnks,&
    wars we are in and should not be- is enough to
    save a lot of us boomers.–AND MORE !!
    FACE IT……WE ARE AND HAVE BEEN LIED TO
    BY THE VERY ELITE……..
    I PUT MY VOTE UP FOR RON PAUL AND DID SO
    IN 2008. AMAZING HOW MANY DO NOT EVEN HAVE
    A CLUE WHO HE IS; AN THE FACT THAT HE HAS A
    CONSTANT RECORD………NOT TO MENTION
    HE WOULD NEVER ALLOW R-H’S TO KNOCK ON OUR
    DOORS AND ASK US TO BOW TO THE ONE WORLD SYSTEM ……..WHICH IS THE BEAST….
    WANT PROOF…..KEEP WATCHING YOUR BOX AND
    LEAVE GOD OUT OF YOUR LIFE……….
    I READ THE END AND I KNOW WHO WINS.
    pS…I have no retirement saved…I am working and wonder if every job we go to is
    our last……..
    ALL I have is FAITH and I can’t wait to go
    home and get my rewards for trying to help
    save souls since I had my OOB experience and
    gave my life to the GOOD LORD AT 4YRS 9MO’S OLD……..YEP,,,,,,,WAKE UP !!!!!!!!!!!

  • Jim Shores

    We can blame (and punish) one group for most of our problems. Yes, the corrupt media! We were not informed of so many things or were lied to by professional liars. They should be hung beside the traitors in our “government” and would be if, we did not have judges that are as corrupt as any politician.

  • Direomen

    Hope is not a course of action.

  • billybonesIII

    Many have criticized the Chinese for their family planning. You know, the oldest son makes his way in life and when mom and pop can’t work any more, he looks after them – but they’re commies!
    Here we have (had) a good life, college, hockey, football, baseball etc., we grow up, well, some do – we move to another part of the country and forget about mom and pop. Let the govt look after them.
    And when I can’t work any more the govt can look after me! Right?
    I’m 77 now and that’s what I see now. We really are a pathetic lot. We get what we deserve – unless you know Jesus!

  • Randy

    Michelle, create your own job? I was working a six figure job three years ago. That imploded. Me as a business major (I worked my way through college and worked my ass off), I thought, gee I will just start my own business. I am an incredibly smart person. However, I have starved, eaten top ramen and sunk everything back into the business for two years. Guess what, I am now working labor jobs. I have nothing to show for it. Not because I am lazy or stupid, because the government has created such an impossible environment for the small business, it is impossible to get off the ground. Put your money where your mouth is. Start a small business, put several tens of thousands into it, and see where it gets you. Not very stinking far. I am not lazy and have been working since I was ten years old. I supported my family as a child, went many times without good food to eat. Is there anyone else out there that ate carrots with mustard on top, or ketchup sandwiches as a child? Been there done that.

  • Randy

    Oh one more thing, how does a manic depressive person prepare for the end? I would love to have a gun arsenal present to protect myself. However, I would probably at some point use the damn guns on myself to end my misery. I really think that if the shit hit the fan, I would actually be in a happy position. I am tired of all the crap, lies, corruption and crazy stupid shit our government does. My grandfather, a veteran of ww2 has been saying for the last twenty years a revolution is coming. He died about a month ago. God bless his soul, he will not have to see the shit coming down soon. By the way, I have a deep family history in America, my family fought and died in the civil war.

  • http://pennypincherpersonalfinance.blogspot.com Penny Pincher

    As the occultists say, “as above so below”. This refers to the micro and macrocosm acting the same, and one can affect the other like a butterfly effect or maybe like “Horton Hears a Who”. That being said, the avarice-malaise affecting this country is also in our hearts. In order to shut down the Matrix, we have to unplug ourselves from it. It takes effort at every level, from trying to detox yourself, to prayer and meditation, to rearranging your life to become more self-sufficient.

  • CoronaBunny

    Saving is pointless: it is pretty obvious by now that hyper-inflation is coming to the entire world – the (historically) inevitable effect of madly printing money by the USA, the UK, I think the EU, etc. etc.

    This will erase all digital money, digital ‘investments’, etc. etc.

    Then will come the millstones of taxation, front-lined by the hard fists of the Po-Po, stripping away all material assets and transferring them to the state, for ‘sale’ to cronies and the like.

    There no longer exists such a thing as ‘planning for the future.’ FACT.
    And all those rioting little kiddies KNOW this, even if only instinctively.
    They also know EXACTLY who is to blame for the decimation of their futures:

    The present-day elderly perpetuated-created a system that intended nothing less than the rape and serfdom of future generations; of their own children.

    The elderly were told what they were doing, they were told the risks: they CHOSE stolen wealth. In other words, they did not save money for their futures, but instead took out loans (SS, etc. etc.); the paying off of which they then legally bound to the flesh of their unborn children.

    Such is the legacy of the hippies: who, in the end, stand revealed for what they always were: selfish, lying, hypocrites. Filth.

    So. Do you really, seriously, consider the elderly to be ‘wise’? Do you expect anyone to even want to be in their company? Just what have you been smoking? Crack-laced Plutonium?

    • Michael

      Actually I don’t smoke. :)

      Michael

    • CJ

      Well said,

      Sounds like you’ve done some homework.

      We’ll need hard thinking minds like your’s if we are to come out on the other side still a people.

    • Roger That

      You are wretched.

      The crimes of a few, you smear on the masses.

      I did not vote for Bush, nor Obama for that matter. Sheep will be sheep, no matter their age or generation.

    • Kevin Eshbach

      Most of the elderly are clueless sheep just going along with the herd and doing what they were told to and drinking the kool-aid along the way.

    • DG

      I suppose Wallstreet has nothing to do with this ? So it’s the Hippies fault ? What an Idiot. The wealthy who want to take SS just love this kind of thinking. Just look at the wealth distribution in the world. The wealth of the middle class has been taken by the top 1 %.

  • John Taylor

    could these be the useless eaters that Ted Turner was referring to.

  • Hosanna

    So it looks like many people will rejoice when they let out the killer flu bug to take out the older population. Shame on you.

  • Helix

    Ahhhh. I see you’ve absolved yourself of everything — even saving! Yes, yes, all the world’s problems are someone else’s fault; you parents’ fault in this case.

    Wake up, dork-brain. The main mistake your parents made was letting you play Nintendo for six hours a day instead of getting off your spoiled, vindictive ass and making something of yourself. Oh, and yeah, blowing all their savings on your college “education” which essentially let you party for four more years on their dime. Or were you one of the few that actually studied Engineering, Science, Medicine, or some other nerdy subject that would actually have equipped you to make a contribution to society rather than a leech on it?

    We have no more intention to rape your generation than our parents did ours. Our Social Security and Medicare payments support our parents, and we don’t think it horribly unfair that we recieve that kind of support in return, as will you when your time comes.

    • Roger That

      Oh, there is something magical about being young. A perpetual kid.

      Age is not a factor, until it is. Time is a funny thing.

  • harvey

    why are people getting all over the boomers for retiting? they paid into the system for all their working lives. ss can be made solvent easily. first bring the jobs back to the US. second congress needs to keep their grubby paws out of it and keep it strictly for retirement.

  • Highspeed

    Seem’s like a lot of people on this blog really dislike older people. Do you feel the same way about your own parents and grandparents?

  • American Poverty

    The real problem we have created is we have extended human life without quality of life. People are living longer then ever before using up precious resourses that was available for tWe
    he youth only decades ago.

  • http://globaleconomics12.blogspot.com mintu kumar

    WARNING: The WORST 2011 MARKET CRASH IS COMING

  • Terrance Jackson

    SO WHAT! It’s not my fault they poo poo’d public employees when times were good. Meanwhile the wife and I are enjoying our retirement after 42 years in public service.

  • Terrance Jackson

    We need a war with Iran to kill off you sniveling kids!

    • Roger That

      Shame on you!

  • art

    i think this only refers to those in private sector. I know a number of police, fire and educators- as well as state workers, who are in their low 50′s but living very well on their pension

  • Lennie Pike

    Ysgeye,

    Blaming Christians incorrectly as you did was such an obvious untruth that someone needs to correct you – it might as well be me.

    The American People have very limited representation in Congress. Ever heard of the “Golden Rule?” – “he who has the gold, makes the rules?”

    Yes, some Government money is spent on Christians, but most of it has been tax money that they themselves were forced to pay, (at the point of a gun) and don’t forget that inflation is a tax, has always been a large tax, and at many times has been a very large tax.

    Without spending some money on entitlements, the people who own the financial system would never have gotten away with the trillions of dollars that they have profited from it’s exploitation – not to mention the almost total control of the World they have now attained.

    In the case of the United States, since 1913, this “gold” has actually primarily been paper instead of gold and easily printed up and and offered up as the only other option available for use as money not by Christians, but by……………..Jews. Not by all Jews of course, but by some Jews, and by no one other than some Jews.

    This is fact and can be easily verified. I do not have a single anti-Semitic bone in my body, (except for one – ha, ha?) believe that no one is perfect, (especially myself – very very far from it) and that I should love my enemy. Due to the harm this financial system of theirs has inflicted on most Americans, these Jews who control all branches of the U.S. Government, most large corporations including of course banks and those on Wall Street – certainly qualify as the enemy – especially nowadays when they are printing up money and giving it to themselves, and demanding bailouts whether their Congress approves them, or whether they are taken in secret. Much harm had been inflicted by them through inflation and wars even before this economic “crisis” we have now.

    You only mentioned the U.S., but these Jews control just about all of the Western World and now even China, and many Arab countries. They are now attacking the Arab countries that they do not control so as to have no countries that are not a part of their one world government and financial system.

    They will have to deal with Russia – good luck.

  • Tough Love

    US “Privte Sector” Taxpayers are simply going to TAKE BACK that what has been stolen from us by the VERY greedy Public Sector employes.

  • trailcat

    Thank you ‘Harvey’. We all let the federal government borrow from the Social Security Trust Fund. Those Federal Securities were said to be such a good investment after all. What we now have is a Federal Gov’t unwilling and/or unable to pay the debt owed to Social Security. Should have squalled long ago.

  • SMASH THE CONTROL MACHINE

    HEY I,M BACK AFTER MANY HOURS GETTING RID OF NUMEROUS COMPUTER VIRUSES!!!I MUST OF PISSED SOMEONE OFF!A KEY LOGGER VIRUS.A TROJAN AND A REDIRECT GOOGLE VIRUS!!I THOUGHT IT COULD NOT COME FROM THIS SITE BUT WHEN I PLAYED A VIDEO OF MEGADEATH FORECLOSURE OF A DREAM THAT I THOUGHT WAS COOL AND POSTED ON THIS SITE I GOT HIT!! I CHANGED MY PC TO AN OLDER ONE THAT I HAD IN THE GARAGE AND GOT HIT WITH THE SAME VIRUSES THAT I HAD ON THE FIRST ONE!!I THINK ILL TONE DOWN MY COMMENTS! JESUS SAY’S TO PRAY FOR YOUR ENEMIES AND IN DOING SO YOU WILL PUT COALS OF FIRE ON THEIR HEADS!!I’M PRAYING FOR YOU HACKER I’M PRAYING FOR WASHINGTON AND WALL STREET!!REPENT YOU VENOMOUS SNAKES!!!WHY DON’T YOU JOIN ME IN PRAYER AND THEY WILL FEEL THE FIRE PUT THEM ON YOUR PRAYER LIST!!

  • Lennie Pike

    Harvey:

    Harumph, harumph, harumph, harumph.

  • SMASH THE CONTROL MACHINE

    YOU DONT HAVE TO BE OLD TO BE WISE!!http://www.youtube.com/watch?v=0y6Qev04QyQ&ob=av3n Behold, I send you forth as sheep in the midst of wolves: be ye therefore wise as serpents, and harmless as doves. 17But beware of men: for they will deliver you up to the councils, and they will scourge you in their synagogues; 18And ye shall be brought before governors and kings for my sake, for a testimony against them and the Gentiles. 19But when they deliver you up, take no thought how or what ye shall speak: for it shall be given you in that same hour what ye shall speak. 20For it is not ye that speak, but the Spirit of your Father which speaketh in you.

  • Played by rules, got screwed

    There are two big problems with retirement security in America:

    (1) Public sector pension funds have gotten in bed with Wall Street and are destroying investments for everyone else.

    (2) Public employees think they are entitled to get retirement that is 5x better than social security.

    Public sector unions caused this. They are criminal organizations and they are destroying this country.

  • Georgiaboy61

    The blunt hard fact is that the retirement Baby Boomers saw their parents get is a historical artifact of the post-WWII economic boom, a holdover from when America had the most dynamic and prosperous economy in the world. A leisurely retirement isn’t a birthright; in history most folks have had to work until a few years before death. If they had children, they hoped that they would help care for them in old age. Funding a social safety net takes children, new workers entering the workforce, and the boomers didn’t have them. Who will pay for their retirement and old age now? Even if there are enough workers around, who can blame them if they do not want to spend their work lives paying for the selfishness of their elders, who have left them trillions in debt they cannot possibly repay? Social Security, Medicare, medicaid… all are Govt. Ponxi schemes and will go bust. Don;’t count on Uncle Sam to bail you out, because he can’t.

    America has never been in a situation quite like this one, before, so no one knows how things will look when we come out the other side, that is – if we come out the other side.
    Each of us had better plan to have lots of friends, and develop a network of people you can count on, and who can count on you. The guess here is that’s all we’re gonna have in the years to come.

  • Georgiaboy61

    Terrence, re: “after 42 years in public service”… The conceit that employment in the public sector is always a “service” is one of the reasons we’re in the state we’re in now. The truth is closer to – some public employees provide needed and legitimate services, others are glorified parasites. Gloat now, but Uncle Sam is broke, and will either have to default (the honest thing to do), or pay you in worthless greenbacks, once times really get hard. You govt. types will be the first to riot in the streets when the gravy train stops… and stop it will. The states and municipalities are even worse off, because they can’t print money like the feds; when they go under, those pension checks will simply stop coming. My advice to you is not to throw way that alarm clock just yet… because you may be headed back to the salt mine. And you’d better hope that the private sector, aka the goose that lays the golden egg, doesn’t go down, because then all of us will be in the poor house.

  • Georgiaboy61

    Rev. Jackson, re: “And next there will be euthenasia that will mean that if you are over 80 years old; you wll be put to death to make room for the younger…” I hope you aren’t correct, but if you are… then the guys coming to haul me away had better be prepared to get past my shotgun. Aint going quietly…

  • Georgiaboy61

    Re: “Social Security has saved millions of seniors from a life of poverty for decades.” Jeff, social security hasn’t saved millions – you only think it has. Human beings lived into old age just fine for millenia without the help of your sainted FDR or LBJ or anyone else in govt. Social security, medicare, medicade… all are scams whose primary purpose is not helping the elderly, but enriching endless armies of govt. bureaucrats. None of us still working and under fifty will ever see a dime of it. If we do, it will be a check denominated in worthless fiat money.

  • ron

    Many people who retired a while back and sold their homes while they were worth something are much better off than folks now adays.Times are tough and many people are having a hard time making it.Think of the millions who cant pay theyre morgage.Its all being held together with dept,printing money and loans and lies.Its been a downhill slide since 08 for me.

  • Adam FreeMan

    I will draw SS next year and this is what I plan on doing as a moral person. I will draw exactly what I have paid into the system plus 8% interest adjusted for inflation. I will not be like my Dad who died a few months ago at age 84. When we would discuss SS and the government, He said that he didn’t care and that it would last as long as he was alive. That was all he cared about the mess that he and his generation has left me and my children and their children.

    All “senior citizens” say that they have paid into it all their lives and that they “deserve” the money. Right! One operation costs more than most of them ever paid in. No generation deserves to enslave the next generation with any debts!!

  • Bob Marshall

    I am one of those baby boomer who worked 50 years. I never recieved a notice from the governmemt telling me that social Security will be place under the general fund. The only time i have had any government help was 30 days in the VA hospital after my third tour in Vietnam.Once i reached 16 i have never asked my mother for one dime. How many of the younger generation today move back in with their parents because they can’t make it on their own. How many ask for finanical help? My generation worked for a living.

  • Louise in MO

    Never knew so may people hated the elderly! The only reason that Social Security is in trouble is because of many, many corrupt Congresses who literally stole the money to give free “everythig” to illegal immigrants and to countries who hate our guts. Mr. obama is quite good at handing out money to the latter group.

    The government would not have had to come up with a safety net for the elderly if the younger among us did what was right and help their parents and grandparents.

    The only group of people that I know of who do this in our country is the Amish. Perhaps they are the wisest of us all.

    • Roger That

      Well said. I like folk in Missouri, would move there if winters weren’t so cold.

  • Ronald D. Mapes, Sr.

    At 72 yrs. old and keeping up with information that comes across the newspapers and T.V.,and being retired Military and Law Enforcement, and having dealt with “major corruption” most of my life, I think it is extremely obvious what the intentions were of “President Barack ‘Hussein’ Obama “THE MUSLIM” when he became President.If people all over the United States of America have not figured out where the problem comes from over the last three years, then someone is not doing their home work very well, or, at all. My military and Law Enforcement friends in Europe and around the world seem to have no trouble seeing “very plainly” that Obama is taking the United States of America down to hell and a “3rd world country status”. TOGETHER WE STAND, DIVIDED WE FALL” WHAT SHALL IT BE AMERICAN PATRIOTS?

    God Bless America, our Troops & Allied Forces….Ron Mapes, Sr.

  • Lennie Pike

    Amish kids don’t need Ridlynn. (spelling error)

  • Jo Grey

    As a couple of 65 year old, boomers, we never expected anything. He worked three jobs and put himself through college, no loans. He worked water and sewer, and I taught school 8 years. Fortunately we “stayed small.” 2 bedroom house, garden, no vacations other than traveling to care for aged parents, now gone. No kids, couldn’t. So here we are, small house paid off, driving 8 year old car, paid off, growing our own vegetarian foods, using our neighbor’s wifi (with his permission and password), cell phone – paid minutes only – no contract, solar shower set up using black hoses piped to the bathroom shower, repairing the old car ourselves, homemade, secondhand or bargain clothing. So where’s the wealth? Two old people who worked and were responsible – His SS $918 a month, my luxurious teacher’s retirement $465, no SS, not allowed with a teacher, no medicare other than the free-no charge (yet) plan A – hospitalization. I hesitate to consider using it other that a traffic accident because of all the diseases there, Staph and C Difficle – they killed my mother who went in for a stomach ulcer and never got out till they killed her with those two diseases, but that’s another story. Any SS as a spouse to him, is reduced by teacher retirement. This is not a moan, just to say that living modestly does work. Read, learn a musical instrument, limit family size, take on no debt, scrap those credit cards, cook at home, learn make it or do without. This is the world we now live in, learn and cut, cut, cut. We did, it worked for us.

    • John Smith

      You guys have done a great job. You made the right decisions and are doing the right thing. Although I cannot imagine a life without kids and now Grandchildren.

      • Bootoagoose

        Sounds like, from some comments above we may have HAD children only to supply an army of our future murderers provocateured into “righteous” indignation by the real culprits. It takes almost nothing to create a fake consensus in an angry mob sold on its’ victimhood by skilled purveyers of self-serving lies. This has all been going to happen, been planned to happen ,for a long time. I’ve seen it coming for decades while enduring “greatest generation” elders swanning around preening themselves on their supposed great “virtue”, collecting social security they didn’t need off the bent backs of the most productive generation in history, and all the time blaming boomers for any little hiccup to their mostly unbroken serenity. -As indeed they were taught to do by Forbes, Fortune, and WSJ, their preferred reading.

    • TX4Life

      Your example is admirable and many young people could learn from you. Your secret is sacrifice. My dad sacrificed also–living in a metal bldg for 2 years while he paid cash to have a small, 2 bedroom house built. Never had a mortgage or a car loan–saved until he had enough cash to purchase. He was a real example to me and we are now trying to follow that example in our 40′s. When I tell people how my dad got ahead in life, they look at me like I’m crazy and there is no way they would ever sacrifice like that to be debt-free.

    • http://google Deborah

      Good for you!

  • patient

    All anybody does is talk talk talk. when the talk stops then i would be afraid

  • http://TheEconomicCollapse Sara Delagarza

    I am 65 years old, am a retired-rehired professional, and am blessed to still be successfully employed. I have a 29 yr. old son with a family whom I help financially, as the few jobs he manages to get pay so little. I live within my means and have my house, car, and two investment properties paid off. Yet, the coming economic collapse will affect all of us, regardless of our economic situation.
    I’ve come to the conclusion that the present economic collapse was created by top US and world leaders who have been insisting on a New World Order. The New World Order benefits only the rich. It is the belief of the New World Order that certain nations have the right to attack poor nations on lies and steal their resources (example: Iraq, Libya, El Salvador, Vietnam, etc.) Not only is the New World Order committing vicious crimes against the humanity of poor nations, but the money they steal doesn’t reach the pockets of the poor or middle class. It all goes into the pockets of corporations, bankers, and already rich individuals. We’re sinking because the small middle class that is still working can’t afford to support everbody else. We’re a house of cards because the poor cannot pay taxes and the rich (who get their way by heavily lobbying our government) don’t pay taxes. The insane amount of money that the US spends on foreign wars could best be spent providing for the tremendous needs of our nation. Don’t be deceived by the false propaganda being promoted in US media: we are not being attacked by the nations we attack. We are like the schoolyard bully who attacks the weak kids in the schoolyard and steal their lunches. We don’t dare attack a powerful nation who can defend itself. Films like the one below that I’m attaching have opened my eyes:
    http://www.youtube.com/watch?v=NO24XmP1c5E&feature=player_embedded

  • http://globaleconomicwarning.blogspot.com Charles

    “HOW WILL YOU FACE THE AMERICAN APOCALYPSE IN 2011: how you can protect yourself and position yourself for the greatest wealth transfer in history.” (click on profile name for more info on my latest video)

  • http://theeconomiccollapseblog.com mintukumar

    The new reality for many Baby Boomers is coming towards them, and it will be caused death.

  • http://www.maxkeiser.com/ Al Kyder

    I personally know of a man, who dropped dead at work, around 2 AM, or so. He worked in a call center, 3rd (Night) Shift. He was in his very late 60′s or early 70′s. Sad.

    Here’s why it happened.

    MUST WATCH VIDEO:

    John Perkins: The Global Elite’s Crime Syndicate
    http://www.infowars.com/john-perkins-the-global-elites-crime-syndicate/

    [Central] Bankers Destroy Global Economy by Design to Consolidate Power
    http://www.truthistreason.net/bankers-destroy-global-economy-by-design-to-consolidate-power

  • http://www.youtube.com/watch?v=HqrdHLzvIV4&feature=player_embedded#! Ben Dover (America)

    A MUST Watch Video:

    Vox Populi, Methods of Manipulation- featuring David Icke, Jordan Maxwell, Max Igan, Freeman…

    http://www.youtube.com/watch?v=HqrdHLzvIV4&feature=player_embedded#!

  • http://www.infowars.com/ May Day!
  • DG

    You should learn to build your own house with cash like I did. I built a 1000 sq ft for a cost of 10k in materials. The land was 6k. So you can’t scrape this kind of cash up by saving ? Your fault. Banks just love it when you build your expensive big Mansion and go into debt for the rest of your life making you a debt slave. Yea just buy the new house and car and be a fool and a slave. With house and land payed for I do not need much money and I can save what I earn. But you just go ahead and be a fool. Oh please humans have been building their own dwelling for thousands of years so enough of the excuses. The problem is a system of wage slavery we have and the unequal distribution of wealth and the system propaganda of programing you into submission.

  • ws

    Wait a minute—MAJOR BACKUP HERE REQUIRED.

    Anna44 wrote “As for my husband- 26 years AF officer, handling millions & billions on International & National levels has just entered his 7th month of unemployment. Two tours abroad- lazy he is NOT. He doesn’t qualify for unemployment, nor is he counted because he gets a retirement check. He wants and needs to work- yet there is little out there. If he doesn’t find something soon, we too will lose the home we sunk every cent into after 20 years of saving for it!”

    YOU HAVE TO BE KIDDING ME! SERIOUSLY? This retired Air Force officer of 26 years gets a TON OF MONEY from the government EACH AND EVERY MONTH for the REST OF HIS LIFE along with awesome health care and other benefits. As a veteran who got out prior to 20 years, has NEVER RECEIVED ANY BENEFIT from the government for my service, I am appalled, disgusted, and want to throw up listening to anybody complain with the kind of generous benefits military officers get—it is truly sickening. These guys are mostly elitists who think they are better than everyone else, get awesome benefits while in service, then retire and get unbelievable benefits for the rest of their life, and this woman wants to complain? Pardon me while I throw up. This woman and her husband bank about 60-80k a year from the government for the rest of their lives simply because he served 26 years as an Air Force officer. Excuse, I need to throw up again. Air Force? What sacrifice do they EVER MAKE?

    For the record, I was a Marine Corps grunt for 8 years, and it wasn’t because I did not have a “degree” or was not educated—-I simply wanted to serve my country, not rape it like “officers” who are usually just career climbers do what is expected of them so they can use the system and “get” stuff including more education, benefits etc. It’s one thing to watch the elitist officers rape and abuse the system while serving as an enlisted, but quite another to sit back now and watch as they complain about having to live on 60-80k GUARANTEED for the rest of their life? Excuse me; I need to throw up again.

    Anna44, you make me sick! People on welfare and getting food stamps are often criticized for abusing the system of entitlements—–at least most of them are “needy”. Your husband and his ilk abuse the system while they are in the service, then get out and abuse it even more. Like congressmen, they use their influence to “get” entitlements for themselves. The enlisted people get very little, but officers—–what they get is sickening.

    Anna44, you should be ashamed of yourself—-you are not an America but just another parasite on the system who believes you are “entitled” to get more and more and more. Air Force officer? What sacrifice di you ever make other than perhaps having to move every 3 years? I was a Marine, and I can tell you what sacrifices we make, and I can also tell you what sacrifices Air Force serviceman make. The officers? The whole Air Force is nothing more than an officers club. They treat the enlisted people like dirt, get grossly overpaid, then retire, want medals and honors, and absurd 6 figure retirements.

    In case you didn’t understand, you and your ilk make me SICK! Excuse me, I need to go throw up again!

    • Gerald Armstrong

      I applaud you for your service as a grunt in the Corp. Respect is earned not demanded. The USAF IS NOT a country club. Many of the officers I served under spent years in North Vietnamese POW prions. I have a great deal of respect for every one of them. I for one was in SERE and Rescue. I went through a lot of very tough schools. I earned my respect. Many of the crews I served with saw combat in Vietnam. I am proud to have served with them. Many poeple are alive today because of USAF Para Rescue. Manu of our officers died in combat or in POW camps. I never demanded respect. Nor did I belittle any fellow serviceman regardless of what they did. I am pruod of my service. By way I don’t know of any retired military who are independently wealthy. I get so bent when someone who has no idea what a military pension amounts to makes a rude and biased comment about my pension. Such as “why are you working anyway”? Obviously you have some misguided biased and anger over military service. We can’t all be combat veterans but we all served with honor just the same.

  • Pingback: 25 Bitter And Painful Facts About The Coming Baby Boomer Retirement Crisis That Will Blow Your Mind :

  • Gerald Armstrong

    I am a retired USAF Master Sergeant. Since 1991 I am fortunate to have the military pension and 50% disability to go with it. However for years veterans forfeited dollar for dollar out of the pension for disabilty. Now we are slowly getting that back. Not back pay just that we are no longer offsetting pension for disability. But the payback has been prorated over the years. So the Government can keep the money a little longer. I retired from the USAF in ’91. I went to college, got a technical degree, and a good job immediately. In 1993 jobs were plentyful and good. I switched jobs a few times but always had worked. Until 2001 when I was layed off from Agilent Technolgies. The company outsourced manufacturing operations to Maylasia. 1500 people lost their jobs. I was unemployed for 2 years. Went back to college in 2003 and graduated again with a degree in Medical Assisting at age 54. Got lots of interviews. Never got hired because of age discrimmination. Jobs dwindled down to onesy twosy here and there. My veterans advisor accused me being lazy and not trying hard enough. The money finally ran out and we declared bankruptcy. I gladly took a minimum wage manufacturing job in 2005. I just retired in 2011 at 62 due to back problems. The combined pensions and disabilty don’t pay the bills. I got very sick, my wife got injured. We now owe hundreds of dollars in medical bills. Fortunately we have TRICARE. Thank GOD! But with deductables, co-pays, and some providers don’t discount. WE OWE! I’m worried the pensions and disability will someday run out when the Government goes bankrupt. And, it’s paid to me. What’s my wife going to do when I die? Hopefully the bills we owe will be paid by then.

  • http://rogerpriest.com Roger Priest

    take it from a Portland bankruptcy attorney, bankruptcy has increasingly become a part of the modern retirement plan for low to moderate baby boomers. Live on credit cards, file for bankruptcy, and hope to hang on until you can do it all over again.

    • http://rogerpriest.com Roger Priest

      *edit: low to moderate earning baby boomers, I should say.

  • pat

    Recognizing first that health care costs are driven by physicians, and health care companies, themselves, is a first method to prevent health care fraud for overdiagnosis, overtesting, and inappropriate care.

    If parents were generally healthy, in theory, the children will be generally healthy; that has always been the premise of health care philosophy, and why we tend to encourage childhood health.

    Falling victim to health care fraud is most likely to be the outcome for baby boomers since it is poorly tracked, and the demographics are favorable for it as a lucrative industry.

    If baby boomers are smart, they will demand investigation of health care costs where fraud is suspected, and dutiful collection of health care costs to expose health care fraud and keep costs down.

  • http://www.more4outdoor.com Billy

    Hey Theeconomiccollapseblog,
    Interesting Thoughts, According to a recent Del Webb survey of baby boomers, 72% said that they plan to work after retirement.
    Great Job!

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