Today I would like to focus on some of our more pressing domestic problems……and there are many……and we have NO one working to solve those problems….we are so fortunate to be living in these days (sarcasm)…..

Remember when you started to work the thoughts you had?  First, I am getting a regular pay check and second you started thinking about what it would be like to retire in some years and live the Life of Riley (a sitcom from the 1950’s)…….you could lay around in the sun on a beach in Tahiti….or kick back and do all the things that time just would not let you do while employed….remember those days?

And then came the crash and burn of most everyone’s 401k and their retirement funds……and now you are trying to scratch back to having those dreams…..sadly I saw a report that just made me feel sorry for those approaching retirement……

(Newser) – Here’s a scary stat for you, spotted by the Washington Post: About 1 in 5 people nearing retirement have no money for retirement. It comes from a newly released survey by the Federal Reserve of about 4,100 Americans. In total, 31% had saved no money for retirement, though the figure improved to 19% for those ages 55 to 64. What’s more, 20% of people over 60 said retirement planning hadn’t even crossed their minds, which probably explains why 24/7 Wall St. calls this “the next crisis.” Another depressing find: Some 40% of non-retirees 45 and over have had to delay their pre-recession retirement plans.

The problem doesn’t just boil down to poor planning. “Many respondents, particularly those with limited incomes, indicated that they simply have few or no financial resources available for retirement,” researchers say. In particular, a quarter of respondents said they were “just getting by,” while 13% said they were struggling, CBS News reports. About 45% of people said they planned to rely on Social Security to pay the bills in retirement, while 25% gave the following answer: “I don’t know.” Just as many said they expected to work as long as they could, and another 18% planned to get a part-time job after retiring.

To me it is just wrong!  Work your entire adult life and in an instance you are screwed from having any type of retirement dream other than praying you will be able to meet your bills.  Is it just me, or does something need to change and change soon?