The media is reporting that the first Baby Boomers in New Jersey, and all over the United States, have started collecting Social Security. I’m a “Baby Boomer”, but still have 3-6 years until I can collect…though if those years go as fast as the previous years have, I’ll be there in no time. Because I didn’t work outside the home for as many years as some…was a stay at home Mom as many years as possible, I don’t think my contribution to our household will be very significant, but it will be better than nothing.
Many predict that the baby boomers are going to eat up all the social security available, there’s quite a bit of talk and quite a few sites on the web projecting this. Time will tell how all of that goes. I’ve heard gloom and doom predictions before and they don’t always turn out as bad as predicted, but we are living in challenging times now, so it’s hard to say.
This gloomy article from foxnews.com states that 10,000 Baby Boomers will be retiring each day…and will start collecting Social Security, not to mention Medicare for some and Medicaid for others, things that we’ve just taken for granted that we will have available to us, just as they were available to our parents. There are also interesting facts at the Social Security Reform Center website.
Fear does come along and rears it’s ugly head as I try to sort it all out in my thinking, and it’s good to think and plan as much as we can, but there’s a lot of things we can’t plan for…it’s those things that can bring fear. It’s at those times that I love remembering and singing this old hymn of the faith, my faith:
I don’t know about tomorrow;
I just live from day to day.
I don’t borrow from its sunshine
For its skies may turn to grey.
I don’t worry o’er the future,
For I know what Jesus said.
And today I’ll walk beside Him,
For He knows what is ahead.
Many things about tomorrow
I don’t seem to understand
But I know who holds tomorrow
And I know who holds my hand
