I was barely five when World War II broke out. There is little I remember about the Great Depression other than was passed on to me. However, those nearly five years of war made a lasting impression on me. One that shaped my philosophy and outlook on life until this very day.
Will you outlive your money?
Most pre-boomers have retired, are about to, or would like to retire. All we want is to live the rest of our lives in relative comfort. Our parents taught us to save for rainy days and for the golden years, when we stopped earning an income through our jobs. No matter what kind of work we did, our habit was to aside money in bank accounts, IRAs, 401Ks and other places where we thought our hard earned savings were safe.
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We pre-boomers grew up in a time when there was no doubt that this country was the world leader in virtually everything we could think of. Our generation was born between 1930 and 1945, so we saw results of what a united people are capable of doing.
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I don’t know about you, but with few exceptions the most fuel efficient cars tend to be ugly ducklings as well. As a pre-boomer, I grew up with cars that looked good, drove fast and made a statement. This new breed of cars also says something, but is it what Americans want to hear?
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Watch a few news shows on television and you’ll see lots of commercials aimed at seniors. This is not unusual. Advertisers with products and services appealing to a mature audience know a disproportionate number of this demographic group can be reached with this type of programming.
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Histrionics outshined the topic of reform at the health care summit. During the more than seven hours of this made-for-television event participants tried to strut their stuff.
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Sitting in Los Angeles and watching television coverage about the latest blizzard hit the East, I wondered what in the world is happening with our weather. When the climate conference in Washington, DC had to be canceled because of the record snow fall, I didn’t know if I should laugh or cry.
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I am covered by Medicare and also purchase supplemental health insurance, along with prescription coverage, from one of the nation’s better known providers. Recently a letter arrived at my home stating there would be no increase in premiums for the Preferred Provider Organization (PPO) coverage during 2010.
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In Oscar Wilde’s novel “The Picture of Dorian Gray,” a handsome young man believes his life would not be worth living once his good looks faded with age. So, he sold his soul to the devil and the man remained young while a portrait of him aged instead.
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Talking with a friend from the South, brought back memories for this pre-boomer about the local products I enjoyed as a kid. He thought a great after school snack was an RC Cola and a Moon Pie. My favorite, as a Philadelphian, was a Hires Root Beer and a Tastykake. It wasn’t until we were older and started traveling that either one of us got to taste what the other liked as a kid because these were regional brands that were not best sellers, or in many instances not available, except in specific areas of the country.
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The onetime jewel in this country’s crown of achievement and testament to the “good life” has tarnished to the point were it is unlikely to be restored to its former greatness. With unbridled spending by a virtual one-party State Assembly and Senate, unsustainable concessions to public sector unions, unfriendly restrictions and taxes on business along with personal income taxes and sales taxes that are among the highest in the nation, it’s no wonder the California dream has turned into a nightmare.
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