posted on Jan, 9 2011 @ 07:26 PM
According to a study by John Pottow, a law professor at the University of Michigan, older Americans face several grievous financial issues. People
55 years old and older make up more than 20 percent of all bankruptcies in the U.S., compared to only 12 percent in 2001. This is clearly a disturbing
trend that shows how perilous our situation is.
Link to article:www.economyincrisis.org
Creative Commons Attribution-ShareAlike license
What is the value of your life? If the system has become so dysfunctional that a person can no longer even look forward to having a relatively tidy
state of affairs in the Fall or Winter of their life,then what exactly was the point of the all the sacrifice to begin with?
It's a sad world indeed when the elderly of society are faced with the horrific choice of either trying to jump back on the frantic hamster wheel of
work in an attempt to just stay even,health permitting, or die broke and miserable.
Retirement benefits of all stripes are rapidly fading away,leaving the younger generations to wonder in shock as to what they will do when it's their
turn to leave the workforce. There seems to be almost no point anymore in working hard if the view at the end of the tunnel is a nightmare. In this
brave new Dystopia,the lucky few(Google,Facebook,etc...)who find great material wealth at a young age and are able to align themselves to and cozy up
with the interests of government and the elite are the only ones who will really stand any chance of being able to actually enjoy their twilight
years in comfort.
Additionally,I'm tagging on the following short video clip about a pensioner suicide to further drive home the point and to alert you to what is
likely to become a growing trend. It's not pretty. While I know AJ is pretty sensationalist,just the fact that this video originated in the lamestream
media should be cause for concern.
MSNBC's Brewer: People Are Taking Their Own Lives
When Pensions Fail.
edit on 9-1-2011 by FlyingJadeDragon because: edit for content
edit on 9-1-2011 by FlyingJadeDragon because: edit for