Recent report from the Bureau of Labor Statistics….july, 2008

The projected growth in labor force of seniors/

2006-2016

“The number of workers between the ages of 65 and 74 is predicted to soar by 83.4 percent between 2006 and 2016.”

- the number of workers aged 75 and up is predicted to grow by 84.3 percent.

-the number of workers in the youngest group, age 16-24, is projected to decline during the period

-the number of workers age 25-54 will rise only slightly

-the number of workers age 55-64 is expected to climb by 36.5 percent

-and the total labor force is projected to increase by 8.5 percent during the period 2006-2016.

“By 2016, workers age 65 and over are expected to account for 6.1 percent of the total labor force, up sharply from their 2006 share of 3.6 percent.”

Again what are you doing to not fall into this trap?! I am truly concerned about we are doing to reverse these statistics.

-you need to have your money work for you

-look for ways to invest money that will grow as you get older

-invest in a business: best kind is one that has low start up costs (home based business), that is residual income (pays you in the retirement years), that is timely (a business that is ahead of the business trends), and that has a stand alone super product.

-suggested reading Robert Kiyosaki…Rich Dad, Poor Dad…..

To your excellence

Rebecca Russell

www.lighthousemarketer.com/rebecca

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