Tuesday, November 25, 2008

A Demographic Time Bomb

everybody seems to be sayig that the next election will be won or lost over the economy. This is sad, there are so many other issues but try this.

The demographic time bomb is about to go off big time. I have said before but it needs repeating, the babies born between 1944 and 1949 will be retiring over the next five years. A huge number in comparative terms.

Their incomes will fall hugely as they go from hard working to a well earned retirement. One main problem will be the women who have made very little allowance for their retirement other than to have got married to a man who has supported them throughout their working life.

Many men are going to have to explain to their wife that they will have to cut back on their spending, the money just won't be there. Furthermore, many women will get really fed up with having their husband around the house all day whereas previously he was at work earning money to support the family. He will see exactly how little she does, other than the washing, or maybe a little cooking. Caring for the home was not very efficient.

So, as the time bomb goes off there are serious repercussions, both financially and socially. I mean Harriet Harman and the Womens Institute now wanting to monitor the papaers for adverts for massage parlours, what else is a man to do with all his time?

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