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Alias Born 02/11/2008

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Friday, 06/03/2011 2:30:09 PM

Friday, June 03, 2011 2:30:09 PM

Post# of 7199
It appears to me that if this American economy ever recovers that it will only recover for a few. The older generation is not sleeping well these days. Many spend their social security checks on property taxes and health insurance. Reverse mortgages are selling well because it is the only asset left for those over 62 to dip into. Their savings accounts make less than .5% per year while inflation eats their assets. I was talking to a friend this week and said that the average person on SS does not have enough cash left to buy a vacant building lot after working for 40 years and saving for retirement. How will the older generation ever recover???? p.c.

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