Baby boomers near 65 with retirements in jeopardy

This crisis over the baby boomers is heavily prophetic. I will here just quote a few lines from the recent news article over the babyboomers and the coming economic crisis. It is a social, political, and economic time bomb! One recent news article reported, ”

CHICAGO – Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they’re hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years.

The boomers, who in their youth revolutionized everything from music to race relations, are set to redefine retirement. But a generation that made its mark in the tumultuous 1960s now faces a crisis as it hits its own mid-60s.

“The situation is extremely serious because baby boomers have not saved very effectively for retirement and are still retiring too early,” says Olivia Mitchell, director of the Boettner Center for Pensions and Retirement Research at the University of Pennsylvania.” To read the whole article click here.

But what does this mean prophetically? check out our articles on our current events page concerning the crisis. You can also order our recent series that explains these coming events and the urgency to prepare before it is too late.

  ” The work of the people of God is to prepare for the events of the future, which will soon come upon them with blinding force. In the world gigantic monopolies will be formed. Men will bind themselves together in unions that will wrap them in the folds of the enemy. A few men will combine to grasp all the means to be obtained in certain lines of business. Trades unions will be formed, and those who refuse to join these unions will be marked men.–Letter 26, 1903.  {CL 10.3}