7.16.2018

Elizabeth White : An honest look at the personal finance crisis


Elizabeth White at TEDxVCU
An honest look at the personal finance crisis  (transcript)
Summary
This is the honest story showing our world that I've ever read because now, many people can't look at their personal finance crisis honestly but no one knows and says that this is one of the reasons of an aging society problem of Japan.

The problem that is the personal finance crisis is being hidden near you. Many people and, of course, you won't notice it. 1)
The personal finance crisis means to move into people's senior years with declining choices to earn a living. 2)
Even people save money, but it's not enough and there is no retirement saving. 3)
You don't have condos, a husband or wife and you might lose your job, even if you graduated from a high-level university or can't receive your payment. 4)
When you are over sixty years old, you won't have your job but the systems that are retirement income, the saving and pension, and social security won't work. 5)
People live longer,  thus there is a possibility for them to live 25 years or 30 years after retirement.  6)
In the country, there won't be big rescue and big bailout in the works.  7)

The speaker wrote a book about those situations and created a community to fight them.
The country and citizens need a new way on how to live a richly textured life on a much more modest income.
what is the true meaning of longevity?  It must not be to only treat diseases and success shouldn't be defined by income.

Words in this story
longevity /noun/län-,lônˈjevətē/ long life.

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