Managing Director, Senior Financial Advisor, Portfolio Manager, Retirement Accredited Financial Advisor
"When you arise in the morning, think of what a precious privilege it is to be alive – to breathe, to think, to enjoy, to love." – Marcus Aurelius From the news to social media, it is easy to find much negativity. The world isn't perfect, but I would argue this is the greatest time to be alive. Here are 5 reasons why: 1. The average American now retires at age 62. One hundred years ago, the average American died at age 51. 2. Retirement is still a relatively new concept. In the past most people simply worked until they died. In the year 1870, for those who lived past age 65, the labor force participation ratio for males was close to 90%. Today it's less than 20%. 3. In 1800, among all babies who were ever born, roughly half died during their childhood. Life expectancy was just 30 years, and no country had a life expectancy above 40. Life expectancy at birth was only 45 years in 1870. The average life expectancy around the world today is 72. 4. The share of homes that had electricity in 1870 was exactly zero. Today the proportion of people with electricity is 85%. 5. The literacy rate from the 17th to 19th century was just one-eighth of the global population. From that point on the world's literacy rate doubled in the next century and quadrupled in the century after that, so now 83% of the world is literate. While I can name many more let us all take a deep breath and realize how fortunate we are. Each day the sun still comes up. #PostiveNews #Optimist #Perspective #Life #Fortunate #Smile #TheAndersonWolfGodseyGroup Source: The Rise and Fall of American Growth by Robert Gordon
Debbie Lamm
2w
Thanks, James, for this reminder.
Fundraising and Leadership Consultant
2wWell stated James Wolf!!! Go Cocks!!!