This has been predicted for years by economic and financial experts like Robert Kiyosaki, Michael Maloney and others.
It's hard to believe, but here's just a tiny fraction of the further evidence around us about the massive economic meltdown now...
-Real unemployment numbers in the US are close to 20% (at the peak of the great depression it was about 24%)...
-The average baby boomer 's portfolio has lost 30-40% of its value after going through what was the largest stock market crash in history (yes, bigger than 1929)...
-Over 42 million Americans now rely on food stamps...
-One-by-one some of the largest companies and sectors in the country have gone bankrupt and been bailed out by the Federal government, from the auto industry to the mortgage industry to the banking industry. Which is ironic because...
-The US Federal government owes more money to more people than any other country on earth: Around $100 trillion which is so astronomically high it's hard to even comprehend and is mathematically impossible to pay off. (According to public government accounting
US debt is $14.3 trillion which is somewhat more "manageable," but the REAL total US debt, including future social obligations [things like Social Security, etc], according to the Federal Reserve has now surpassed $100 trillion. How do you think they're going to fulfill these obligations? It's simple: They're not).
In view of grim outlook, all people include baby boomers should do themselves a favor. That is to get better prepared with our own plan B. Do you have a plan B? What is your action plan? As individual each one of us is different, so is our plan B.
Some people would think that they need to upgrade themselves with a MBA or master degree or PhD degree. Personally, I believe academic degrees have substantially depreciated brought about by the job market saturated with university students and graduates with double degrees, master degree and PhD degree. The investment of time and money is huge and disproportionate with the outcome. There are too many double degree graduates walking the streets without a job. Handy men and people with hand-on experience have better job opportunities than this academic people right now in the developed countries in North America, Europe and some places in Asia.
There are people who would like to work on another part time job to acquire more income through working longer hours. It is workable for some people. There are people who would find it not workable for various reasons.
Today, people like to learn new skill by taking course or training, for example, people would like to learn computer skill, social media skill such as Facebook, Twitter, internet, etc. In this respect, I have a link here for you to check out. It would definitely give your some good ideas that may work for you... Case Studies.
It's hard to believe, but here's just a tiny fraction of the further evidence around us about the massive economic meltdown now...
-Real unemployment numbers in the US are close to 20% (at the peak of the great depression it was about 24%)...
-The average baby boomer 's portfolio has lost 30-40% of its value after going through what was the largest stock market crash in history (yes, bigger than 1929)...
-Over 42 million Americans now rely on food stamps...
-One-by-one some of the largest companies and sectors in the country have gone bankrupt and been bailed out by the Federal government, from the auto industry to the mortgage industry to the banking industry. Which is ironic because...
-The US Federal government owes more money to more people than any other country on earth: Around $100 trillion which is so astronomically high it's hard to even comprehend and is mathematically impossible to pay off. (According to public government accounting
US debt is $14.3 trillion which is somewhat more "manageable," but the REAL total US debt, including future social obligations [things like Social Security, etc], according to the Federal Reserve has now surpassed $100 trillion. How do you think they're going to fulfill these obligations? It's simple: They're not).
In view of grim outlook, all people include baby boomers should do themselves a favor. That is to get better prepared with our own plan B. Do you have a plan B? What is your action plan? As individual each one of us is different, so is our plan B.
Some people would think that they need to upgrade themselves with a MBA or master degree or PhD degree. Personally, I believe academic degrees have substantially depreciated brought about by the job market saturated with university students and graduates with double degrees, master degree and PhD degree. The investment of time and money is huge and disproportionate with the outcome. There are too many double degree graduates walking the streets without a job. Handy men and people with hand-on experience have better job opportunities than this academic people right now in the developed countries in North America, Europe and some places in Asia.
There are people who would like to work on another part time job to acquire more income through working longer hours. It is workable for some people. There are people who would find it not workable for various reasons.
Today, people like to learn new skill by taking course or training, for example, people would like to learn computer skill, social media skill such as Facebook, Twitter, internet, etc. In this respect, I have a link here for you to check out. It would definitely give your some good ideas that may work for you... Case Studies.
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