I read these statistics a couple of years
ago when I was first thinking of starting
an online business and had them posted on
my site for awhile. During the last two
years things haven't changed that much so
I thought I would share them with you to
remind you of why you're working so hard.
The Bad News:
* 80% of the mothers have to work to make
ends meet
* 1 out of 5 parents has to work 2 jobs
just to pay living expenses
* 93% of the Americans who should reach the
age of 65 are either dead or dead broke.
The following facts were confirmed in a study by the
US Department of Labor Statistics:
* 28% are dead
* 2% are still working
* 63% depend on their family and social security
* After 40 odd years of hard work, 93% are
in poverty... yes, POVERTY.
"Poverty" is defined as a family of 2 with
an annual income of $12,120 or just $233
a week (For a family of 2, according to the
2003 HHS Poverty Guidelines)!
Here are some more disturbing facts:
* The majority of men had more money (cash)
at age 18 then they do at age 68, after
50 years of hard work! (Denby's Economic
Tables, 1990)
* 85 out of 100 people have less than $250
in cash at the time they officially retire!
(Social Security Administration, 1990)
* 33% of all senior citizens live well below
the current established poverty level!
(Social Security Administration, 1990)
* Social Security payments are the major
source of income (50% or more) for 63%
of those aged 65 or older and it's the
ONLY source of income for 18% of all retirees!
(Social Security Administration, 1998)
The Good News:
* 74% of those who are financially secure
got that way by owning their own business
If these statistics don't get you moving on
your own business - nothing will.
To Your Success,
Susan
Friday, June 11, 2004
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