The Cost of Living is Not Decreasing
The cost of living is
going up according to leading statistics
American family incomes, considering inflation, have increased more than
25 percent since 1969, but the consumer price index has increased by 318
percent.
The
Trap Called Debt
American consumers are burdened with a staggering $1.3 trillion of debt;
of witch 40 percent is credit card
debt.
Security is Escaping Us
If you died tomorrow, would your family be broke in a year? The estimated
death claim paid by the insurance industry in 1997 was less than $14,000.
Our Saving Habits Are Poor
Americans save less than
anyone in the world, 4.4 percent of their income, compared to 13.8 percent
by the leading country. This happens even though the average family will
earn more than $1 million in a lifetime.
What Retirement?
Most Americans retire in
poverty. According to the U.S. Census Bureau, 73.8 percent of Americans,
65 and older, retire on a combined income of private pension and Social Security
of $10,000 or less a year.
