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What is Happening to the U.S. Economy? by Jan Shimano
The following are some statistics that have been reported in the news media. If you take this at face value, then you are going to feel that your future looks grim indeed. Keep on reading, because there is some good news later on in this article.
* Total consumer debt is growing 23 times faster than the entire U.S. economy;
* The savings rate in the U.S. has dipped into the negative…something that hasn’t happened since the Great Depression in 1932;
* The U.S. dollar has lost half of its value in the past 10 years;
* The unemployment rate has taken the biggest jump since 1986;
* The magazine, USA Today, recently reported that the greatest fear in America today, is running out of money before retirement.
We probably all know of someone who is in the process of losing their home. It’s heartbreaking and no one knows what to say to them.
For as long as I can remember, here in North America we have always been a three tier society. We had the rich, the middle class and the poor. You might to surprised to learn that experts like Donald Trump and Robert Kiyosaki are saying that we are heading for a two tier society. Can you guess which one is on the way out? It’s the tier that most people think they are in. Yes, the prediction is that the middle class will no longer be with us. We are going to be left with the rich and the poor. Which side of the fence do you think you are going to end up on?
I agree, this doesn’t look too encouraging…but now for the good news!
The same experts mentioned above, along with many others, are predicting that in the next ten years household wealth in North America will double, exceeding $100 Trillion. This is going to create more millionaires than at any other time in history. Paul Zane Pilzer, who was economic advisor to two U.S. Presidents, is quoted as saying “We’re witnessing nothing less than a millionaire population explosion in the 21st century….”
No doubt you would like to be one of those newly created millionaires and be part of that rich tier. I can assure you of one thing….it’s definitely not going to happen by osmosis. It is going to take some action on your part.
So let’s get back to the experts and their advice. Their suggestion to anyone who wants to be one of the new millionaires, is to start their own home based business. The initial cost is quite reasonable and there are immediate tax benefits for the self employed person. I highly recommend that you do your research to find a company that is a good fit for you. There are thousands of opportunities to choose from. I have found the one that works very well for me and I intend to be on the ‘rich’ side of the fence. Why don’t you join me there!
Jan Shimano was District Manager for Health & Welfare Canada for a number of years. She was also self-employed as a Nutritional Consultant. She is presently a Business and Health Coach and operates her own internet marketing company from her home on Vancouver Island. You can learn more about Jan by visiting her youtube channel at http://www.youtube.com/1jinny
Article Source: http://www.earticlesonline.com/Article/What-is-Happening-to-the-U-S–Economy-/500617
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