Any way I slice it or dice it, there are going to be massive increases in suicides of those over 60, either due to a crash or more inflation. People over 60 simply won't be able to make ends meet because they will be unemployed or underemployed at best and there isn't going to be enough income. As after the collapse of the Soviet Union, many more than currently will drink themselves or overdose themselves to death. According to what I read, it was mainly those 45 and up.John wrote:I agree. As you pointed out in another thread, the suicide rate isHiggenbotham wrote: > If the bubble continues, there won't be a way for a person over 60
> to survive because age discrimination will render them jobless as
> you've noted and inflation will eat up every older person's
> savings who is not in the stock market. Retired people can
> survive off the stock market, as many are doing, but once it
> crashes, they will lose everything. I see no good answer for
> anyone over 55 except to be lucky enough to catch the crash, and
> for deflation to set in, at least for awhile. It's not likely to
> happen.
already increasing, and a stock market crash would certainly cause a
giant sucking sound for the exits, to paraphrase a former independent
presidential candidate.
How does your imminent fatherhood figure in?
On the other topic, I went to the ob gyn office a couple weeks ago and it cost $500 to say hello and $500 for a sonogram. No wonder the birth rate is a record lows. As is normally done in these situations, I am keeping up appearances on the home front with optimistic talk about the coming crash and how it will happen any day now, along with talk about how much I squeezed out of the market on any given day, week, or month. But there is no talk about what happens if it goes parabolic and I can't manage it.