Our National Savings Dilemma

The Washington Post columnist, Ezra Klein, once quipped that our Federal Government should be described as an “insurance company with an army”.  If you look at government spending, it is dominated by social insurance programs (Social Security & Medicare) and military spending.  Combined, these two areas account for about 75% of Washington DC’s annual outlays. The billions of dollars of COVID-19 ‘stimulus checks’ that are … Continue reading Our National Savings Dilemma

Yes, We Have The Time, Will We Use It Productively?

“I wish I had the time” has become an ironic phrase for so many folks now stuck at home during the coronavirus crisis. Suddenly, there is time to get after all of the projects you never had time for … but will we? Perhaps Anna Kendrick has it right … We’ve gotten some projects done at home in the last month, but there is a … Continue reading Yes, We Have The Time, Will We Use It Productively?

Time To Put Off Retirement?

Many are calling the COVID-19 crisis the end of the FIRE movement (financially independent, retired early).  The narrative is that no one can now afford to retire early since the market fell apart last month.  Many expect that we’ll see a huge number of people retiring much later, but I don’t think that will be the case. First, the average age of retirement has not … Continue reading Time To Put Off Retirement?

Debt Has Spread Like A Virus

I started looking at the topic of America’s growing debt before the coronavirus pandemic spread. Across all age groups, debt has been accelerating rapidly for the last two decades, and I’m sure it has gotten much worse now. This chart, from a CNBC article, shows the magnitude of the debt problem, with perhaps the greatest growth happening among older Americans … As the chart shows, … Continue reading Debt Has Spread Like A Virus

TV Time?

They say that all of the cable & streaming channels are getting a big boost during the COVID-19 shutdown. Everyone is at home and looking for something to watch on TV other than the grim nightly news. I like watching TV and we have a few series that we are watching regularly now, including ’Outlander’, ‘Survivor’, and ‘LEGO Masters’. We even started watching the absurd … Continue reading TV Time?

Lifestage of Service

Our son was involved in Boy Scouts and earned his Eagle Scout rank.  At the time he was in Scouts, the Wall Street Journal ran an article that called Eagle Scout projects the “largest single youth-service project in history” and that they had touched “every community in America in an important way”. Discussion of the Scout’s tradition of service came up recently when I was … Continue reading Lifestage of Service

A ‘Much Too Early’ Prediction …

Truthfully, CV-19 quarantining isn’t that much different than early retirement life.  Sure, you can’t go out to eat with friends, weekly sports leagues and activities are cancelled, and the TV news is hideous to watch, but we can still get out and take walks, work on projects at home, and other daily diversions. Life is only boring if you are boring! Like many Americans, I’ve … Continue reading A ‘Much Too Early’ Prediction …