Groucho Marx, Jean, Sixty Nine Percent discussed on Ric Edelman



Song So that's Groucho Marx of course from, one of, my favorite comedies of all time horse feathers let me change the subject to a survey that. Just got released by Bank right this week. The number one reason? Americans? Are losing sleep are you losing sleep sixty nine percent of Americans say they occasionally lose sleep to something they're worried about is that you ju seven out of ten Americans are lying awake staring at. The ceiling out of fears out of worries. The number one reason now it's not money you thought? It, was whilst would. I talk about it no that's number two the. Number one reason forty-one. Percent say their relationships the number two, reasons thirty six, percent? Of Americans is money money and relationships right it all goes hand, in hand, is my wife Jean. To say personal finances more personal, than finance so between the two of them I'm willing to bet that some, of those relationships, challenges are related to money not saving enough not Spending enough too much burden and workload of. Dealing with the finances. The other ones too cavalier not all, engaged or involved, yeah? And some of the you know this is transferring into some very, real serious, stuff according to one. Set of statistics that just came, out based on census bureau data Americans sixty five and older are filing for, bankruptcy in record, numbers Yes he can't say. Wait a minute yeah they're they're finally more bankruptcies than they were in nineteen Ninety-one which. Is what the data tells us ten times more than, in nineteen Ninety-one. It's not because they're more of them who are alive they were seventeen percent. Of the population now they're nineteen percent of the population so there's pretty. Much the same number of, on a percentage basis but the. Reason is because there's been a shift in responsibility for caring. For older people employers and government wants did it through pensions and benefits but not anymore individuals are now responsible for..

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