BEFORE THE DEBT HITS THE FAN
July 13, 2011
I just want to take an informal survey of my peers. Answer the following questions yes or no and we’ll go from there.
This is not a test. And I don’t really care how you answered these questions. But I hope that I have caused you to reflect upon the future for Americans just now entering their 50s and 60s.
I am a late Boomer, born in 1961. I have had the gut feeling (knowledge) since about 1989 that I would not be a part of the Social Security generation. I frankly don’t believe the projections that Medicare will become insolvent in 2024 and Social Security in 2036. I think it is around the corner. There will be an upheaval in the immediate future, whether gradual or sudden, that will completely alter the lives and expectations of the American aging class.
I put a post on Twitter yesterday that said “Are you ready to be part of the generation who disengages from government dependence?” The next tweets followed: “Are you ready to become the generation who will be self-reliant in old age? Are you prepared to work as long as you can? Are you prepared to find support in old age the old fashioned way, through family and church?”
This to some is horrifying. No safety net? No government to care for those who have no church or willing family to help them as they age and contend with illness and impending death?
This is the reality check of the century and our thinking and approach to life as elderly people will require a drastic reset if we are to survive past this point.
The victories of Socialism via Obama, and decades of a burgeoning government and the dependence of individuals thereon, are made downright tragic by the effect of the assault on families and churches that have left so many of the Boomer generation alone, and faithless. In the 1960s couples started to shrink their families and chose to bear few or no children. Children are traditionally the most reliable form of security to aging parents. Many have chosen not to marry and as families of origin die out, they are left alone. Churches and strong congregations remain, but many individuals have abandoned the faiths of their childhood and lack the essential ties to a church family that are often a compassionate and effective source of support for the elderly and lonely.
Our children have a little time to adjust to a life style of total self-reliance. As far as they’re concerned, the sooner the reset occurs, the better. But as for the Boomers and those entering their 40s, we are in for some pain.
My plan is simply to:
By Marjorie Haun 7/13/2011