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The Golden Years Turn Green

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Way back in the day when radio was entertainment and not a platform for right-wing haters, there was an L.A. deejay who went by the name "the squeekin deacon." He loved the line, "Take back your golden garters, my legs are turning green."

Corny, but it hit the bull's-eye. All that glitters is not gold. That goes double for the so-called golden years. That time when we set aside our work life and settle into a well-earned, peaceful and secure retirement. A new study shows that the future for today's seniors is "work until you die," or at least until you're 80.

The study, commissioned by Wells Fargo, also shows that less than 50 percent of today's seniors have a set-aside of at least $25,000. And a huge percentage live below the poverty line. Those who are able stay on the job until they drop or are shoved out.

Then, it's working minimum-wage jobs without benefits or as a part-time greeter at Walmart. Entry-level jobs once the province of the young. Now young and old fight for the same crumbs in order to survive. Not exactly golden.

A Stanford study documents how middle-class neighborhoods have shrunk by a third in the last 30 years while poor and rich areas keep growing. That's not exactly golden either. But the biggest loss of all would be to rely on a lazy, corporate-controlled, trivia-obsessed media and a political class subservient to big money. A president who is still afraid to fight and a Republican field that is both pathetic and cartoonish. That's a fool's gold.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Marty Vergari November 24, 2011 at 12:07 AM
Note, I also voted democratic for our current President Oboma, but like others with eyes, ears, and while watching my "wealth" dwindle, I am not afraid to say that I made a costly mistake. To think that this fine young man really DID lack experience for running the best country on earth - especially as someone once said, "Oboma never as much ran a lemonade stand". How about you Mel or Bob? Do you think now you also voted for the wrong man? Tell me your "wealth" has been made more under Pres. Oboma and we can all read a lie here. Anybody know if their hiring at Walmart? I've been practicing "Welcome to Walmart!" All the best Mel/Bob I like you both, and thank you for your comment or was that an invite to write? If so I'd need at least an 8th grade English teacher to help me so you won't bust me on my typo errors - or are you offering to edit my columns? Here's to better days ahead fellas Marty!
Marty Vergari November 24, 2011 at 12:09 AM
Go get those typos Mel/Bob, but please stop and read my other "stuff" too.. Marty
Elke Heitmeyer November 27, 2011 at 03:32 PM
The previous administration had 8 years to run this country into the ground, ensuring tax cuts for the large corporations and the super wealthy, while depleting the nation's wealth with two extensive wars. President Obama was supposed to reverse all of that in his first 2 years. Since he was not able to do that, voters gave him a majority Republican Congress, who's main goal is to remove him from office. So instead of eliminating the Bush tax cuts and subsidies for big oil (for example) and creating domestic jobs, the Republicans are trying to take money out of Social Security and Medicare, so that more seniors fall below the poverty line. Thankfully, the Obama Administration was able to prevent that when setting up the Super Commission's rules. Thanks Bob for pointing out the plight of our seniors! Lately this country seems to only value richness, not children or the elders!
Scott Killeen November 28, 2011 at 03:09 AM
http://home.adelphi.edu/sbloch/deficits.html Since 1934, Democrats controlled both the Senate and Congress 52 times, Republicans controlled both the Senate and Congress 11 times. The House of Representatives initiates revenue and raising bills.
Marty Vergari November 28, 2011 at 07:00 AM
Ahh...Elke, the blame Bush caravan arrives. Listen, I'm no fan of war either but at some point this Obama guy and all his worshipers need to man up and take some responsibility. Obama got everything he wanted his first two years in office--and today unemployment is worse than his advisers told us it would've been if we did nothing at all. He gave us "Obama Care" as his most important work - no thanks Mr President! Just so you're aware, we still have one of the highest corporate tax rates in the world (some cut!). As for repealing the Bush tax cuts it may be good politics, but there's not a credible economist out there who'll tell you higher taxes on anyone create jobs. And if you want to talk about seniors, let's talk about how the Federal Reserve has been busy devaluing our savings and creating bubbles for a hundred years. This is getting to be fun Elke - I only hope Mel and Bob don't jump on our typos? I enjoyed reading your comment. Marty

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