Thursday, July 15, 2010

Maybe I should just quit reading...

Today has been one of those days where everything I read keeps me in this doom & gloom scenario.

From the 4th paragraph of today's post at The Dividend Daily:

There was a report out earlier today from the Employee Benefit Research
Institute that estimates 47% of baby boomers between the ages of 56 and 62 are
likely to run shy of the cash they’ll need to pay for basic expenses and
uninsured health costs in retirement. Investors need to stay focused on quality
income-seeking plays, and when it makes sense, take a flyer on a growth dividend
play as well.

From the 2nd paragraph of yesterday's post at The Dividend Daily:

According to figures provided by FICO Inc. yesterday, nearly 25.5 percent of
consumers, or nearly 43.4 million Americans, now have a credit score below 600.
Two years ago, this particular group was allowed to buy first homes without a
blink of an eye from bankers and mortgage brokers. Access to easy capital has
completely changed for this group as we sit here today. Is this fact priced in,
and how much worse will the stat get if the job market does not begin to gain
some positive momentum? We are trying to decipher this in our daily dividend
stock analysis.

And then read No Surprises Here from A Reformed Manager of Money. The links she posts are astounding. Especially the Slide #9 in that link:

For the first time in U.S. history, banks own a greater share of residential
housing net worth in the United States than all individual Americans put

Is there hope? Do our children have any chance of having it as good as we did? I know it will be to their benefit to teach them frugalness, debt avoidance, and a hard work ethic. What am I forgetting? I want to make sure they are equipped to survive and hopefully thrive in this new economic order.

Positive News of the Day: I'm overdue for a haircut. I've been putting it off not wanting to spend the money. Today's local Groupon deal was for a local salon. $120 worth of services for $50. So I've already booked an appointment for a haircut, manicure, and pedicure. All for the cost of a regular haircut!!! With all that pampering, I might even feel like a kept woman. LOL


  1. Holy cow! Now I'm depressed too! Yes! Definitely STOP reading!

  2. that does suck --- I guess it is just super important to include them in some of the 'state of family funds' meetings & have them help with ways to save money ---- obviously they don't need to know all of the family affairs, there is no need to stress them out... but they certainly can be involved with the less gruesome details... I know that DD loves to color in my pay off charts at home :) She knows that once we can color in the charts, the more we color the closer we are to being able to go somewhere fun like Disney or somewhere else...