Older Americans Worry Least About Money

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Wake up and check your stats!
I live in an "Adult Community"
1600 families.
A recent meeting showed that more than 70%.... yes I said 70% ....were more than "concerned" about their future.
20% were concerned about keeping their homes!
30% were "helping out their children...with money thay can't really afford.... because they lost their jobs.
If one of their children lost a job... it was a very real proble,./.. If both lost jobs... it is a DISASTER!
Many of "us are looking to make some extra money to help our family!
Many of us lost an appreciable amt. of their retirement monies! Many of our "safe" stocks... disappeared.
ere do you guys get your stats?
The Gallup Poll ?
The Gallup Poll died 2 decades ago!
Wake up and smell the stink weeds!

BK of NY 9:08AM March 14, 2009

Wake up and check your stats!
I live in an "Adult Community"
1600 families.
A recent meeting showed that more than 70%.... yes I said 70% ....were more than "concerned" about their future.
20% were concerned about keeping their homes!
30% were "helping out their children...with money thay can't really afford.... because they lost their jobs.
If one of their children lost a job... it was a very real proble,./.. If both lost jobs... it is a DISASTER!
Many of "us are looking to make some extra money to help our family!
Many of us lost an appreciable amt. of their retirement monies! Many of our "safe" stocks... disappeared.
ere do you guys get your stats?
The Gallup Poll ?
The Gallup Poll died 2 decades ago!
Wake up and smell the stink weeds!

BK of NY 9:08AM March 14, 2009

I have to agree with those who are struggling to try and make ends meet. I'm 61 and husband is 59 and disabled. Right now, we are attempting to live on his social security. Our household includes our 23 yr. old jobless daughter and her young son, age 4. I had worked as an LPN in a home health setting for 1 client for 20 yrs but he passed away in Dec. 2008 at the age of 30. Right now due to some health problems I have a new job looks bleak. Thank-God we were eligible for some food assistance otherwise I don't know how we'd survive. Husband's social security only stretches so far and once we pay the rent, utilities, and medications there isn't much left.....Dinner out for us is the dollar menu at McDonalds...That's just for him and I. Daughter is looking for work but nothing available. It's really a strain as we rent a 2 bedroom apartment and this is the time my husband and I were looking forward to retirement, peace, and quiet. I agree that something has to be done government wise and it should start at the top with CEOs learning to tighten their belts. Let them take the cuts. Get rid of the second, third, and fourth houses, cars, private planes ect. I don't begrudge those that worked hard for their money, but those that make it using the blood, sweat and tears of others and then spend it like there is no tomorrow.

Cynthia Bruss of WI 10:25PM March 13, 2009

We baby boomers should attack Washington D C with vengence
They have stolen not only the hope we have a nice retirement they have stolen our children and grandchildrens futures. I can't believe God in heaven is not going to send them all to Hell and fast. I am tired of being told to contact our congressmen and etc. obviously they can't hear and don't believe they work for the American people only their own pocketbook
STAND UP AMERICA LETS GET A GRASS ROOT MOVEMENT MOVING ON WASHINGTON NOW NOT 6 MONTHS FROM NOW IAM READY AND WILLING TO DO ANYTHING TO GET THIS GOING

Glenda Bradley of PA 2:04PM March 13, 2009

I am 54 and work for a church that the council is thinking about reducing our salaries. I worry because I am single and had some investments that went bust. I have retirement savings from the school system that I am trying not to touch and may have to pull some out to pay some bills. So, my worry is still there.

Karen Jennings of VA 1:27PM March 13, 2009

I guess I am not typical of the average boomer, but at age 62 I am very worried about money. After serving in Vietnam I was never successful in getting a secure job that I could turn into a solid career. It was'nt for lack of trying. A lot of the jobs I had paid minimum wage or little better and offered no opportunity for advancement. How was I supposed to prepare for retirement when my paycheck was so pitifully meager that I could barely survive from month to month? Then, five years ago I got an unexpected windfall, the first significant sum of money I ever had. I invested a substantial portion of it in an annuity where I was told by people supposedly wiser and more knowledgeable than I am my money would be relatively safe,and if I did'nt take any of it out until age 75 it should at least double in value and could be worth as much as $150,000. I never had a good job with a pension plan like Joan and her husband in Texas. So, I made sacrifices to provide for my own retirement as best I could even though I had far less to work with. I am angry and bitter that my nestegg has been bled by a bunch of corrupt CEO's with little hope of having it restored. And the best our so called national leaders can come up with is a bailout plan that rewards the scumbags. I want my money back!!!!!!!!

Charlie Lammers of OH 1:40AM March 11, 2009

I haven't worked since 21Oct2008 - today they repossed my car. I have some monies coming to me
(all totaled around $39,000.00) but I won't get it all at once, and apparently it's not going to be intime. I know I'm going to have to find something to do even if it's part-time. With all the boomers looking for work after they retire there is going to be a lot of competition. I have good skills but I'm sure the younger applicants will be more appealing. What if I can't find something - that will lessen my monthly Soc Sec check.

M Bqrron of PA 4:38PM March 04, 2009

im in my 70's and yes i worry we are at the place where we make too much money for food stamps . but we are raising 2 grand children all of our income is only 1900 amonth. we still owe on our house gas electric ,food all keeps going up.the kids are in high school. that cost, we have an old car , that has to be babied, so yes we are very worried.

dolores campbell of IN 10:16AM March 03, 2009

As a baby boomer nearing 60 and retirement, I do find this is true. My husband and I still have the same retirement plan as we did before the downturn in the economy-we are planning to downsize to a smaller house on some land where we can raise a garden, etc.
Actually, the downturn hasn't hurt us very much and I feel in some cases, the media and the government is creating a "crisis" and scaring people to death. Savings rates are way up as recent statistics show. People who have money are being frightened into not spending it, thus perpetuating the economic problem. Those in power right now are determined to make a worst case scenario so they can rush in and pass all their policies and "save the day."
I think older Americans have been through many economic ups and downs and tend to be more philosophical about it overall. Perhaps we've found that there are more important things in life! People who are under 40 years of age have never experienced a real economic hardship in their lives, having known only good times as adults.
Joan
http://www.TipsForBoomerYears.com/

Joan of TX 7:55AM March 03, 2009