I am approaching my late-50s. My father has just passed away and my mother is depressed. The kids will be leaving soon to start their own life. Who will be there to take care of us? How can we have a decent life in our latter years, especially with Social Security and Medicare nearing collapse? Luckily, we have been saving while not spending beyond our means. The habit of living sensibly should be taught to the young:
- Acquire skills that will be of use even if there is a downturn in one or more sectors of the economy.
- Save money.
- Eat right.
- Exercise.
- Meditate.
- Find a life partner who behaves sanely.