10/21/2004

Look out Seniors!!!!

Oil prices are going up and energy prices are expected to follow as we head into the cold and flu season. Many seniors who can't afford to pay for the price increases will be vulnerable to the effects. To top it off, the flu shot is in major shortage and this could only add to the nightmare.

This is another witness that something should be done about retirement. Two things will help.
1-Social Security reform: Social Security isn't going to last especially if things don't change.

2-Education about retirement planning: Letting people know how they can plan for retirement will help them avoid these problems. Unfortunately it is too late for a lot of people. Our generation hopefully realizes that they will most likely provide for their own retirement.


2 comments:

Ernie said...

Unfortunately, it will probably take a lot more to get the American public to save than merely just teaching them how to save. A better tactic would be change the way in which society views success. Younger people think that Escalades, Hummers and Beamers equate to success. This in-turn increases the amount that society lives off of credit card debt. Generations previous to ours believed that hard work was the way to success. Nowadays the youth of this country wants everything right now and it is considered to hard to labor for years before reaping the benefits that come from it.

Dr. Tufte said...

Has anybody bothered asking why we should be more concerned about seniors? That is the wealthiest demographic group (on average) in the country. This is a common media story around this time of year, and it has urban myth aspects to it.