Well, it is for me anyways. You see, I’m just recently one of those 47%’ers everyone is talking about. I’ve worked all my life and now find myself on an entitlement program (Social Security) which means a fixed income; something that’s become a rather cruel and sick joke when I really think about it. The way I see it, my government gives just enough money for me to slowly strangle on… And anyways, I’d still rather have a job and be out there in the work force living life large and making money! As it is, it’s becoming hard to fill all those idle hours; a feat made all the more difficult when I have to scrimp and save in order to make even simple ends meet.
One very real challenge to this, my new life style, is the idea of saving a few bucks on the electric heating bill. (A fact that I’m sure will get a bit grimmer during the true winter months when heating costs can soar). I’m also guessing that getting enough heat will be a major focus for growing group of millions of new retirees and low income folks this winter season. If you figure that there are about ten thousand individuals retiring a day (joining millions more who are disabled or poor) and if you assume the many if not most do not have any sort of ‘golden parachute’ then do the math. Ergo, life is going to suck for a whole bunch of us. (And yes, I think it’s even going to get those Obama aficionados who still think that the Administration is going to somehow bail them out). No sir, the reality for many most is that Social Security and Disability are really no security at all. They contribute a pittance; something that pales in the light of the hyperinflation that’s surely coming.
The truth be told, retirement now signals a terrifying time when many of us find out that they cannot really afford to live….much longer.