Posts in category unemployment

Americans Have a Serious Problem Not Being Able to Save for Retirement

May10
2012 Leave a Comment

Written by terry

Nearly half of Those consumers that were polled recently said they aren’t planning to contribute to an IRA for their retirement, because they can’t afford to. Why is this so surprising? Most Americans continue to work week to week, collecting paychecks that are already spent on, food, fuel, housing, utilities, taxes, and so forth simply eat away at all the income a person generates to live on, leaving little or nothing to talk away. As consumer prices continue to climb, pay rates continue to fall, leaving little or no relief in site.

Here is the article written in CNNMoney this week:

NEW YORK (CNNMoney) — America has a serious problem saving for retirement.

About 49% of Americans say they aren’t contributing to any retirement plan, according to a new survey conducted by LIMRA, a trade association for the financial services industry.

The findings from this survey were disturbing, given that people will increasingly need to rely on their personal savings to make ends meet in retirement,” said Matthew Drinkwater, associate managing director at LIMRA’s retirement research division.

People ages 18 to 34 are the least likely to be saving, with 56% reporting that they are not currently contributing to a retirement plan like an IRA or a 401(k).

“In order to have the adequate savings necessary to meet their financial needs in retirement — which could last 20 or more years — it is critical that these individuals begin saving systematically early in their working years,” Drinkwater said.

Nearly half of consumers said they aren’t planning to contribute to an IRA because they can’t afford to, and only a quarter of Americans have worked with a financial professional to plan for retirement, the survey found.

The study was conducted in April, and LIMRA surveyed 2,697 Americans.

As one person commented on the article put it: ” The 401K plans, which now almost all companies and public entities have adopted, is going to result in a lot of people sleeping in doorways. Be careful, you 1%, not to trip over them. And some people, think Republicans, actually want to reduce Social Security, Medicare and Medicaid?? A previous story said that the great majority of people in this country could not get their hands on $2000 if they had to, say for some emergency. Scary”

That being said, I believe Americans have choices to help themselves. Most people wait till it is to late to do anything about it.
Hopefully this helps you and shares some insights on how to become more financially successful, start protecting what you already have and gives you an answer to increasing your net worth over the next few years.

Take a moment to review how I am creating long term (retirement) residual income and How You Can too!

By watching the video presentations showing how you can expand Your income and build a lasting residual income with this Marketing Business opportunity, hopefully you will see some value in it and consider joining with me building a successful business with my guidance. The bottom Line will always be this: How fast do you want to start protecting what you are currently doing and create an added source of income while preserving future wealth and assets?

Don’t be left behind and let someone join before you, put them in your team right now!

Here’s living the life you truly dream about!
Always in prosperity,
Terry Sauerbier

eMail terrycsauerbier@gmail.com
Phone 1 (585) 204 2189

Posted in economy, managing your money, Network/MLM, numis network, retirement - Tagged americans, Attraction Marketing, contribute ira, Economic Report, Entrepreneurs, knowledge, mastering wealth creation, money, Network marketing, numis, opportunity, retirement, retirement plan

Network Marketing Will Be the Solution to Solving Baby Boomers Woes

Mar04
2012

Written by terry

Baby boomers will continue to flow into retirement age the next twenty years, with approximately 10,000 people daily reaching the age of 65.

Passing over the retirement years can be surprisingly emotional as well as financially challenging. Most baby boomers realize they will soon be forced to confront their retirement preparedness and see if the financial planning they have done over the years has been prudent enough to maintain the life style they have grown accustomed to. They will also find out if they are mentally ready to retire.

Retirement can generate a variety of conflicting emotions and new challenges to deal with. Here’s a look at some of the emotions that can be part of the retirement mindset:

Financial losses from the recent recession have taken a bite out of most retirement nest eggs resulting in a higher degree of Anger among baby boomers retiring every day. During the most recent recession, 43 percent of retirees expressed anger at the impact on their retirement plans, and 39 percent remain worried about their financial situation, according to a SunAmerica Financial Group survey.

Baby boomers are also experiencing levels of frustration because they cannot easily make up for lost time and savings. Many people will be forced to continue working or even delay their retirement plans indefinitelybeyond their original plans.

In addition, many active baby boomers will need to face their diminishing physical and mental capabilities. It can be frustrating to finally have time to do what you want to do, but not the energy or financial resources to do it.

Baby boomers have witnessed their parents aging and know there is no avoiding their own journey down that path causing a heightened level of Fear. They will be forced to deal with health issues and dependency on others. This creates a heightened level of anxiety which can lead to a fear of the uncertainty before them.

More than half of baby boomers (54 percent) view retirement as an opportunity to attempt to reinvent themselves for the coming years, SunAmerica found. Whether experimenting with a new career or pursuing a life-long passion, retirement affords baby boomers the time they need to try something new. Most baby boomers can expect to live long and productive lives providing they continue to maintain a healthy and active lifestyle. Two-thirds of respondents say their goal is to live a productive life to age 100.

During the earlier years, the constraint of working a job for long hours, attempting to raise a family from a distance and having demanding careers prevented many driven baby boomers from spending quality time with family. Although they cannot make up for missed opportunities, seniors now have a second chance to renew family ties and build stronger relationships.

Most looking forward to maintaining the quality of lifestyle, fulfillment of opportunities and providing not only for themselves but also for their families are choosing network marketing opportunities as a solution to many of the challenges they are facing.

Most network marketing opportunities are 1. affordable to start, 2. can pay upfront commission dollars to cover bills and expenses in the short term, 3. are easier to share because more and more people are receptive to diversifying their income, thus creating additional income sources, 4. and pay residual commissions, walk away income, or real retirement income once a solid business structure has been developed.

Baby boomers are great candidates for these opportunities because 1. they already have a sphere of influence of professionals they have already networked with and worked with all their lives, 2. have the time to put into building a home based network marketing opportunity, and 3. have a vast amount of experience to offer younger generations that may not be as fortunate in the circumstances that they are finding themselves in during this current economic climate. Baby boomers achieved a level of prosperity during the boom years that is not being experienced right now.

Hopefully this post helps you develop your business to the next level and shares some insights on how to become more successful. If you are looking for a business, or are not getting support or having success with your current business, maybe I can help.

Take a moment to review how I am creating long term (retirement) residual income and How You Can too!

By watching the video presentations showing how you can explode Your income and build a lasting residual income with a Network Marketing Business opportunity, hopefully you will see some value in considering joining with me building a successful business with my guidance.

Introducing the Numis Network

Look, the bottom Line will always be this: The question is how fast do you want to profit from what my team is doing and willing to help you do at the same time? Don’t be left behind and let someone join before you, put them in your team right now!

Here’s living the life you truly dream about!
Always in prosperity,
Terry Sauerbier

eMail terrycsauerbier@gmail.com

Phone 1 (800) 519 2471
Check out the Numis Network Company website: www.NumisNetwork.com
Connect with Me on Facebook

P.S.
If you want a step-by-step system to build a turnkey successful direct sales business, generate leads online weekly, learn online marketing like a pro, and make money based on a proven method, click here. (You’ll need to authorize the app to watch the presentation.)

Posted in economy, Home Business, retirement - Tagged baby, baby boomers. network marketing, boomers, business, income, network marketing opportunities, retirement, woes

America, Where Are The Jobs You Promised… Really?

Jul30
2011

Written by terry

The following article caught my attention, as we continue to talk about the number ONE issue for Americans, and resolving the economic crisis that continues to unfold in this country. politicians and economist continue to say we are in a recovery. Well I think most of us still beg to differ across the country. Obviously the direction of this article, in an interview with Paul Zane Pilzer, is to point out the clarity in why becoming involved in a direct sales marketing opportunity right now may be, not only the obvious choice, but the only choice for American’s wishing to get back on the road to prosperity in the coming decade.

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Professor Paul Zane Pilzer has kept a watchful eye on the direct selling industry for more than 30 years. In the 1990s, the renowned economist who served in two White House administrations predicted that network marketers would help make the then-emerging $200-billion health and wellness channel the next trillion-dollar industry. The success of companies such as Herbalife, Medifast, Monavie, Amway, Nu Skin, USANA and Blyth are helping to confirm Pilzer’s theory.

As the current economic crisis continues to take a toll on people around the world and unemployment rates steadily rise, direct selling may be the answer to a shrinking job market. Pilzer warns that too many people today see unemployment as part of the economic cycle—that when the economy recovers, employment will naturally go up.

However, unemployment is not a macro-economic problem, he says. It is a micro-economic issue, typically related to a skill deficiency on an individual level. “The question lies not in economic recovery but employment recovery,” says Pilzer, who has written nine bestsellers. “We have a massive social problem. What are we going to do with 30 million people who are now permanently unemployed? The No. 1 social need in the United States right now has nothing to do with the economy.”

The real challenge is to replace lost jobs with new earnings opportunities and provide much-needed training. The jobs that baby boomers and Gen Xers trained for years ago have disappeared. Technology has replaced millions of workers and demanded new skills that too many older Americans just don’t have. “Instead of focusing on new methods of training, our politicians and news media are looking at unemployment and the economic recovery as linked—and they are not because most of the unemployed people today are skills-deficient.

If they are over 50 years old, they probably don’t touch-type or e-mail, and that doesn’t work in today’s economy.” So what happens to those displaced workers? Direct selling may have the answer. The direct selling business model has always had a competitive advantage in the training that it offers, both in business and personal skills. It allows people to be retrained while they pursue something new. It gives people an opportunity when no one else will.

The biggest need in every sector of the economy, says Pilzer, is intellectual distribution—the dissemination of information about products and services. “We have a huge backlog of better products and services that people aren’t buying because they don’t know about them. Direct selling is the most efficient method for the distribution of intellectual information that will improve your life. It is the ideal model that allows anyone to reach out.”

Direct selling offers people the skills and tools to create new income opportunities—to venture out on their own as entrepreneurs and grow in confidence versus being consumed by the fear associated with a shrinking job market. “Technology is available to everyone at home and is even better than what you can get in a large company,” says Pilzer. “When we examine the workplace, we often find outdated computers and data management systems. However, the best tools and support needed to run a home-based business are now available to individuals at an affordable cost. This makes a home-based business—and a direct selling opportunity, in particular—very appealing.”

Article “Solution to a Shrinking Job Market” written by J.M.Emmert

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Posted in Direct Sales, economy, employment opportunity, managing your money, Network/MLM, Personal Finance, Small Business - Tagged direct selling, direct selling answer, economic crisis continues, failing economy, job market, Paul Zane Pilzer, poor economy, shrinking job market, sluggish job market, struggling job market

Washington Announces Applications for Unemployment Aid Drop Below 400K

Jul28
2011

Written by terry

Applications for unemployment benefits fall to lowest level in nearly 4 months. is that really good news, or even accurate? Christopher S. Rugaber, AP Economics Writer, writes this On Thursday July 28, 2011, 4:30 pm for the Associated Press.

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WASHINGTON (AP) — The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump.
The Labor Department said Thursday that weekly applications fell 24,000 to a seasonally adjusted 398,000. That’s the first time applications have fallen below 400,000 in 16 weeks.

The four-week average, a less volatile measure, dropped to 413,750, the lowest since the week of April 23. Stocks rose after the report was released. But they closed lower for the day after uncertainty in Washington over the debt crisis led to a late-afternoon sell-off. Economists cautioned that the lower level of unemployment benefit applications only reflects one week of data and that doesn’t necessarily signal a trend. The drop “is clearly good news,” said Joshua Shapiro, an economist at MFR Inc. Still, “we would prefer to see further data before concluding that the earlier downtrend in claims is being re-established.”

Separately, the National Association of Realtors said more people signed contracts to buy homes in June for the second straight month. But the increase was not enough to signal a rebound in the weak housing market. The Realtors group said its index of sales agreements for previously occupied homes rose 2.4 percent in June to a reading of 90.9. The gain and an 8.2 percent increase in May did not make up for a huge drop-off in April when contract signings had fallen 11.3 percent.

A reading of 100 is considered healthy by economists. The last time the index reached that level was in April 2010, the final month when buyers could qualify for a federal tax credit.

The number of people seeking unemployment benefits remains higher than would be expected in a healthy economy. Consumers are holding back on spending because of stagnant wages, high unemployment, tighter credit, and depressed home prices. That’s restraining economic growth. Unemployment applications had fallen in February to 375,000, a level that signals healthy job growth. But they then surged to an eight-month high of 478,000 in April and have declined only slowly since then.

Some of the drop likely reflects seasonal volatility. Applications were elevated earlier this month partly because of temporary layoffs in the auto and other manufacturing industries, which are ending. Many auto companies close their factories in early July to prepare for new models. The total number of people receiving unemployment benefits, meanwhile, dipped to 3.7 million. That doesn’t include millions of people receiving extended benefits under emergency programs enacted during the recession. All told, 7.65 million people received benefits in the week ended July 9, the latest data available.

Analysts forecast that the economy grew in the April-June quarter by an annual rate of only 1.7 percent, the second straight quarter of anemic expansion. The government reports on second-quarter growth Friday. Hiring has slowed in recent months. The economy added only 18,000 net jobs in June. That’s the fewest in nine months and below the average of 215,000 jobs per month that the economy added from February through April. The unemployment rate rose to 9.2 percent last month, the highest level of the year.

Manufacturing had been a bright spot in the economy since the recession ended two years ago. But it has stumbled in recent months. Orders for long-lasting manufactured goods fell 2.1 percent in June, the Commerce Department said Wednesday. It was the second drop in three months. Economists had expected orders to increase, noting that temporary constraints have eased. In particular, gas prices have come down slightly since peaking in the spring. But manufacturing output has also been slowed by the Japan earthquake, which has disrupted global supply chains and created a parts shortage in the auto and electronics industries.

Federal Reserve Chairman Ben Bernanke and many private economists expect growth to pick up in the second half of this year, predicting those temporary factors will fade. Gas prices, for example, averaged $3.70 a gallon on Wednesday, down from their peak of nearly $4 in early May. But some are growing more concerned that the economy’s weakness will persist. The Fed said Wednesday that its survey of economic activity found growth slowed in eight of its 12 regions in June and early July. The report, known as the Beige Book, was the weakest this year.

Many economists are becoming more pessimistic about the second half of this year. Goldman Sachs recently cut its estimate for growth in the July-September period to 2.5 percent, down from 3.25 percent. JPMorgan, meanwhile, reduced its estimate to 2.5 percent from 3 percent. Growth of about 2.5 percent is barely enough to reduce the unemployment rate. The economy would need to grow 5 percent for a whole year to bring down the rate by one percentage point. Associated Press Economics Writer Martin Crutsinger contributed to this report at: http://finance.yahoo.com/news/Applications-for-unemployment-apf-2720635129.html?x=0

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Some of the comments posted following the article set the mood for how people are actually feeling about the reality of the current situation across the country:

“Christopher S. Rugaber needs to learn how to Title Articles that are more reflective of reality. something like: ” Unemployment RAN OUT for thousands of people who will now get nothing”

“Add the long term unemployed like myself, three and one half years of looking, and there is an increase in the unemployed. Counting those who only currently receive aid is a useless number. No wonder why our government is broke. People in Washington can’t add correctly.”

“Yeah, unemployment applicants have dropped, but only momentarily. I see there are LOTS of jobs cut in the last week, so here we go again, same ol, same ol. I’ve been looking for work for the last 6 months to provide for my family, and after hundreds of applications, nothing. This is ridiculous.”

“Unexpected decline in benefits ? Its more like more people dropped off their benefits because they exhausted their 26 weeks, plus their 26 weeks of Federal extension benefits ! You cant tell me they have no way of tracking these statistics because obviously they get dropped after expending them !!!”

“If that were the case it must be somewhere other than the midwest because there are all kinds of people that have lost their jobs. Houses are empty because their owners can’t afford to make the payment and crime is up in my area. I think that they can’t get unemployment anymore is more like it not that the economy is looking up.”

Well there you have it. There are a great deal more comments like these on the site, so check it out. I think you get the drift though, how the mood of the country is right now.

There may be a prosperity solution, if you are looking for one, that you may be interested in taking a look at.