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To: RegulatorCountry

22 posted on 03/16/2013 11:41:23 AM PDT by SeekAndFind
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To: SeekAndFind

My net worth has probably looked like this at various times in my life, but remember these are only pictures at a certain point in life. Real wealth (net worth) is accumulated over time. That’s probably the major reason seniors appear to be doing so well - they’ve simply been in the game longer and gotten past some of life’s major challenges. Looking at the decline ages of 29-37, I have to ask what affected me at that point in my life. Major issues were a move up house with a large mortgage, cyclical declines in the general economy, family health issues, additional children, job changes, etc. Once beyond college expenses, my wife and I were able to accumulate until the financial collapse of 2008-2013. Now older, without jobs, and in an economy that doesn’t reward savings, I expect many seniors will have financial growth more closely mirroring that of 20-37 year olds.


39 posted on 03/16/2013 1:20:18 PM PDT by Boomer One
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