Friday, January 2, 2009

When the Recession Affects Your Retirement, Turn to Your Friends

I am still working on my new e-book 101 Reasons to Love a Recession.
Looks like the recession is having its effects to retirees worldwide. (If you would like to see a definition of recession go to the Love a Recession website.)

Figures obtained by The Weekend Australian show the country's 2.3 million retirees are 20 per cent poorer than they were a year ago, with the global financial crisis slashing the value of their assets.

Approximately 40,000 soon-to-be retired Australians this year will be forced into
part-time retirement jobs as the economic downturn erodes the value of their homes and savings.

Research by Rice Warner Consulting shows that of the 155,000 Australians who planned to retire this year, between 38,000 and 40,000 will move into part-time employment - if their bosses don't force them out in a cost-cutting drive.

It's getting tougher for Japanese retirees as well: The Japanese slide in household spending remains unchecked. In addition, the government reported a record fall in industrial output. Japanese unemployment continues to rise.

No doubt many retirees will have to learn to adjust their spending habits as there is little free money to be had.

Of course having a happy retirement depends on many other things including having a number of best friends to share time with.
Here are five quotations about friendship to place the value of best friends in perspective:

#1 of Top Ten Friendship Sayings
It is better in times of need to have a friend rather than money.
— Greek proverb

#2 of Top Ten Friendship Sayings
When you are looking for a best friend, don't look for perfection; just look for friendship.
— Unknown Wise Person

#3 of Top Ten Friendship Sayings
A true friend wants nothing more from you than the pleasure of your company.
— Unknown wise person

#4 of Top Ten Friendship Sayings
Heaven must be an awfully dull place if your best friends end up elsewhere.
— Unknown wise person

#5 of Top Ten Friendship Sayings
A friend is someone who knows the song in your heart and can sing it back to you when you have forgotten the words.
— Unknown wise person

No comments:

Post a Comment