A Quote by Ron Chernow
There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.
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China has its own Baby Boom generation. And China's baby boom generation, because of the size of China itself, is the world's largest baby boom generation.
Baby boom generation in China will start to hit retirement age in the very next few years, let's say by the end of this decade.
The President has no real plan to address the fiscal challenges arising from the retirement of the baby boom generation, let alone a plan to fix Social Security.
Fear breeds upon itself because it is a hermaphrodite capable of endless reproduction. Fear is a contagious disease, spreading from its first victim to others in the vicinity until it is powerful enough to take charge of a group, in which event it becomes panic. Fear is the afterbirth of reason and calculation. It takes time to recuperate from fear.
Boom, boom, boom, Even brighter than the moon, moon, moon, It's always been inside of you, you, you And now it's time to let it through, ooh, ooh. Cause, baby, you're a firework Come on, show 'em what you're worth Make 'em go, "Oh! Oh! Oh!" As you shoot across the sky-y-y. Baby, you're a firework Come on, let your colors burst Make 'em go, "Oh! Oh! Oh!" You're gonna leave 'em fallin' down-own-own.
The difference between fear and panic is knowing what to do. If you have a reliable, effective solution then fear is an asset. You know what to do and fear just makes you do it faster. On the other hand, if you don't know what to do - or don't trust what you know - then you will freeze in terror, because you have no clear goal or way to get there. Fear helps, panic hinders. Fear is your savior, panic your nemesis.
The Baby Boom has spawned an even bigger Grandma Boom. For every baby born, two women turn into grandmas.
This surpassed the fear of death. Death would be a mercy if it would make the feeling stop, the uncontrollable panic mingling with the mind-scrambling certainty of something sinister approaching, something with no need to hurry, something that would not be so kind as to let him die. The fear was palpable, suffocating, irresistible.
Through my own struggles with depression, I discovered that knowledge, therapy, medication and education can provide the strength to get through it in one piece.
Boom and bust cycles are very difficult for businesses because you're hiring a bunch because you're planning for the future. And if the future is going to be very big, you need to hire people, or suddenly you go to boom to bust, then all of a sudden, you're kind of battening down the hatches and trying to sail, you know, through the storm, it's a different thing. So part of it is making good decisions about, well, how long is a boom cycle going to be, you know, don't plan on it going forever.
'Animal House' was sort of the first real, contemporary, youthful voice of the baby boom generation. It spoke to that audience, and it spoke to that part of me which was saying, 'Out with the old, in with the new.'
I've discovered that anxiety, panic attacks, and depression can be side effects of lupus, which can present their own challenges.
As the baby boomers like me are retiring and getting ready to retire, they will spend whatever it takes - and they're the wealthiest generation in our country - to make themselves live an enjoyable life in their retirement years.
I think everybody in this generation, and I'm the leading edge of the baby boom - I was born in 1946 - has benefitted from a 30-year explosion of debt, which created temporary but unsustainable economic prosperity and a financialization of the system through lower, and lower, and lower interest rates that has created massive rewards to speculation but not real investments so I benefitted from it. Almost everyone who has been in the market has benefitted but they didn't earn it.
As the baby boomers like me are retiring and getting ready to retire, they will spend whatever it takes - and theyre the wealthiest generation in our country - to make themselves live an enjoyable life in their retirement years.
Social Security is the foundation stone of that kind of retirement security. It not only needs to be strengthened in order to make sure it's there for younger baby boomers and Generations X and Y, but it probably needs to be strengthened and expanded because the retirement benefits now being offered by most employers are not sufficient to support middle-income Americans in their long years of retirement.
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