- We are accumulating debt at a rate of $3.7 billion per day, or $154 million per hour.
- The National Debt is on track to surpass $20 trillion in 2015 and $25 trillion by 2018. And this is before the Medicare and Social Security costs blast into orbit in 2020. Kicking the can down the road works until math catches up with you. It is insane to believe we can dig ourselves out of this debt induced mess with more debt, but empires tend to act insanely in their death throes.
- Strauss and Howe: The Boomers’ old age will loom, exposing the thinness in private savings and the unsustainability of public promises. The 13ers (generation after the Boomers) will reach their make or break peak earning years, realizing at last that they can’t all be lucky exceptions to their stagnating average income. Millenials will come of age facing debts, tax burdens, and two tier wage structures that older generations will now declare intolerable.
- Thus far the older generations have refused to yield. They demand promises made be promises kept. The Boomers did not save enough to sustain themselves during their retirement. Many are entirely reliant upon Social Security and Medicare as their only savings and health insurance. Generation X is caught between aging parents and indebted jobless children. The Millenials are saddled with $1 trillion of student loan debt and few decent job opportunities.
I don't see anything wrong with this chart, do you?:
Maybe being in your seventies these days are like being in your forties decades ago? Seriously though, people are living much longer these days, therefore, they don't get sick? Or they get sick, but for shorter periods?:
We are one fat country. More than one-third of U.S. adults (35.7%) are obese. Approximately 17% (or 12.5 million) of children and adolescents aged 2-19 years are obese.
CDC's Obesity by State:
Source: http://www.usdebtclock.org/
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