Medicare Bound to Bust as First Boomers Hit 65 - CBS Evening News - CBS News

Medicare Bound to Bust as First Boomers Hit 65 - CBS Evening News - CBS News

Medicare, Social Security are all going Broke, however you will not hear to much of this from our Government. Gas prices predicted to be at 5.00 plus a gallon by 2012.

95 % of Americans will retire with little more then Social Security! Why is that the greatest Nation in the World has the poorest citizens? We are a nation of Consumers. What does that mean we are a Nation of Squanders, wasteful people.

Remember the next time you here about the "consumer" index. To me it is the Squanders Index. Alright that should be enough to start with for today's topic.

I don't care about Medicare or Social Security because I have learned to live below my means and not use credit cards for anything except an emergency with doesn't happen like that.

Today's youth, the ones lucky enough to have a job are paying for yesterdays workers and Social Security will be broke by 2035, and no medicare. Today's workers have less benefits then yesterdays workers.

Just the other day there was an article about how American companies have posted some of their biggest gains in 2010 but American workers are still unemployed. That is scary!

Some steps to take:
Create a personal financial plan today to know where you are at and where you want to go.
Keep this plan where you can look at it every pay day.
Stop credit spending.
Create a personal budget.
Learn how to invest.
Contribute to your 401k if your employer does a matching program.

The true wealthy people in America are living in middle class neighbourhoods driving used vehicles. The people pretending to be wealthy live in fancy homes, and lease or buy expensive cars to impress one another.

Plan on living with out Social Security, it does not exist, its just a tax that we have to pay because the government has robbed the fund dry. One day we will get real leaders that will turn this country around. You can't give people who are unwilling to work or serve the public good benefits that they did not pay for, and expect the ones working for it to pay for it.

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