Great news: The US fiscal gap just jumped $11 trillion … to $222 trillion « Hot Air:
Something over 50% of Americans get to age 50 and throw up their hands realizing that their net worth is negative and they have no time for investment growth to build enough for their retirement even if they DID finally start saving. They "waited for tomorrow" for 3 decades and now it is too late.
They have a lot of company. Something over 90% of americans have no clue about the net present value of the future obligations of the US government which include caring for that 50% that neglected to care for themselves.
Much like worn out tires, siding, roofing, disease, death, etc, the future is most likely to happen. True, we could have a giant earth shattering disaster of the meteor, plague, super volcano sort that would wipe out 100's of millions and essentially cancel the future, but one doesn't really like to focus on such as a "solution".
So we blithely keep rolling up future obligations at a rate that is 10x our actual yearly deficit with over 90% of the population that is supposed to be self-governing being completely unaware.
90% of people need to have the individual responsibility to cover their own retirement with assets left at the end to pass on. We need a complete re-make / return to what we were founded to be -- a nation of FREE PEOPLE, which includes freedom from individual and public debt.
Right now we are a nation of fools where a bloated government hobbles our productivity while promising us "security" as it saddles us with debt to destroy our future.
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