For more than 30 years now there have been warnings galore about the baby boomers leaving the workforce.
Our exit will cause shortages in labour, put pressure on wages and increase health services. This has been a ticking time bomb to all Governments, past and current.
There has been plenty of talk however no action in the political arena. “In 1997 the Howard government tried to fix the crisis in the nursing home industry by introducing accommodation bonds . Labor ran such a scare campaign the scheme was dropped” says Noel Whittaker Sunday Mail January 24 2010.
The scary scenario is that we all have been saying this for years. If people were well informed and act early, they have a chance to make a significant difference to secure a better lifestyle for their future.
The Governments will not be able to support us … the writing is on the wall. Thank goodness we, the forward thinking, have started to make a difference.
They claim that new medical breakthroughs may extend our forecast of life expectancies. If this is the case, then can you imagine that we are way off the mark for health and welfare budgets which places more pressure on society.
My Mum and Dad are a constant reminder to me that we are all aging rapidly. My dad recently celebrated his 80th birthday, has had multiple emergencies to the hospital for major heart surgery, yet he doesn’t qualify for a Pension due to his assets. If he didn’t have the assets to support him that accrued equity over many years then how could he survive? Fortunately for both of them now they can enjoy the fruits of their labor, touring the world in armchair comfort on exotic cruise lines, with all their meals being prepared, meeting new friends and being pampered.
I am sorry … I don’t want to wait until I am 80 to start to enjoy retirement … I am 57 years old this year, (“hint” 9th June) still healthy and have an active property portfolio, so I wont get the pension either … so I want it now!!! … Don’t you?
Note:
I am an inspired property educator who lives in Australia, New Zealand faces the same issues as we do so I hope this article is food for thought.
