American’s consume more products, goods and services than any other nation, through the purchase of large homes, expensive cars, luxury vacations and garages packed with items not used in years.
In February, 2020, American total household debt exceeds $14 trillion dollars, reaching a new record high. Consumer’s Mortgage balances rose to $9 trillion dollars, and the average household holds around $10,000.
Many Baby Boomers and Seniors Retirement Savings has dwindled to less than $100,000 with many having little to no Retirement Strategy at all. This incredible shortfall in Retirement Funds creates a unique problem due to the excessively large number in Baby Boomer generation, with much of private and government resources being allocated towards Long Term Care for Seniors and Baby Boomers.