Josh Sigurdson talks with author and economic analyst John Sneisen about the coming crash and how it affects baby boomers especially.
Baby boomers spend more into the economy than any other category and also unfortunately hold a lot of debt. On top of that are the countless dangers that face pensions across the board. The pension shortfall going forward is massive and many baby boomers will not get their pensions and have already lost much of it. Also, many baby boomers have not prepared for their own futures all while many others are caring for their kids and grandchildren via student loans.
As this problem worsens and we see the everything bubble come closer to popping worldwide, individuals needs to start standing up and protecting themselves. Individuals need to start protecting their purchasing power and saving for their futures outside of the banks or government. People need to be self sustainable and financially responsible.
If you don’t understand money, you are not going to do well down the road.
In this video John breaks down the many reasons baby boomers need to watch out for what’s ahead and what they can do to ensure that they’ve insured their wealth and protected their wallets.
Stay tuned as we continue to cover this issue closely!