MOST AMERICANS ACCUMULATING DEBT FASTER THAN THEY’RE SAVING FOR RETIREMENT

Such a simple and marvelous image to get the point across about the “condition our condition is in”.  No pie charts needed, no actuary tables or projections.  Just the simple reality that if you are accumulating debt faster than you are accumulating savings assets, you are just like a painting left in direct sunlight that is “fading away” rather than an image with vivid colors and brilliance.PENNILESS 4

Seems as if it’s widely accepted by so many top economic gurus that America’s finances are “terminal” the equivalent of a a fiscal Stage IV cancer patient with the astronomical debt the “brilliant” managers in charge have racked up.

PENNILESS 2The government and bankster’s fiscal insanity does not mean that we individually have to follow them over the cliff.  It’s called “behavior modification”.  Easy to say, a real tough task to accomplish.

I’m talking about taking a deep and honest look at the direction you’re going, and if you’re in the camp with the painting left out to fade in the sunlight, it’s time to make some changes, simple as that.  Time to chart a new course, time to “stop” the self destructive behavior before any additional damage is done.

This article written for the Washington Post by Michael A. Fletcher has the following quotes;

“A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation’s troubled system for old-age saving, a new report has found.

 Three in five workers with defined contribution accounts are “debt savers,” according to the report released Thursday, meaning their increasing mortgages, credit card balances and installment loans are outpacing the amount of money they are able to save for retirement.

PENNILESS 3

If any of this rings a bell inside your head.

CLICK HERE TO READ THE ENTIRE SOURCE ARTICLE

 

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