If you were tuned on Friday you may have heard me read an email from Greg (a loyal subscriber to the Daily Email). This is part of it:
‘Like many others, I am now watching all of the funds I prudently put aside for my retirement disappear. There’s nothing I can do to even stop it. I drive a car with 240K miles, served my country, do not buy things I can’t afford and try to teach the kids the value of a dollar.
Now all of these things have been proven to antiquated and meaningless in the wake of the new “something for nothing” culture fostered by this administration. The truth is that these people will walk away from this carnage without even a glance over their shoulders.’
In response many others responded, saying they too had had to give up plans for retirement, or had seen their pension fall dramatically in value. We’re going to pick up on some of those concerns.
First we were told to invest in stocks and shares to support our pension, in recent years property was seen as the surest long-term bet. Now who knows?
Whatever your age, are you worried about how to be financially secure when you’re older? What advice are you being given and what advice are you following?
And are there are other things that cause you to worry? I have a friend who told me the other day that he wasn’t having kids because he was scared for the future of the earth because of global warming.
Is that melodramatic, or is this no longer a world you’d want to introduce new life to?
Or should we all remember that the human race has overcome many obstacles and that this crisis is just another challenge which historians will document us coming through? Is it our optimism that has underpinned our achievements, and which we should keep in tough times?