Retirement...different THIS time?...............from Rico

For many, retirement WILL be very different this time. It will be 'worse' for them than it is now!

In the "Great Depression" at least people were situated to be somewhat self-sustaining, quite a chunk of the population lived on farms and had the skills to be able to continue eating.

In todays "Recovery" very few people live on farms, and even fewer can manage to grow a pot of petunias in a window-box, much less feed their family (or anyone else).

So when I hear the talking heads and teleprompter readers saying "we're fine, it's DIFFERENT this time" I have to agree. It WILL be very different indeed. It will be far worse.....

The latest reserch by the EBRI (employee benefits research institute) indicates that:
- one third of workers have NO retirement savings.
- one third of workers have less than $25,000 in retirement savings.

Put another way, for two thirds or more* of the working population (as in post-Rhodesian Zimbabwe) the new royalty will be the relatively scarce effective farmers.
- I say 'or more' because even IF you have saved paper money for retirement, devaluation-debasement and/or hyperinflation will equate to: "you can burn piles of paper, but not eat it."