After hitting 55 years old, Mr. and Mrs. CU Member are thinking about that retirement around the corner. They have recently paid off their mortgage and celebrated with a mortgage burning party. They have also paid off all of the other modest debts they ran up during their productive years. Their kids are out of the house and on their own. Mr. Member has a generous pension to start drawing on in a few years. The pension and Social Security will allow them to live out their golden years comfortably.

Well, wake up, Mr. and Mrs. CU Member. It’s not the ’70s anymore. That fantasy life of the older crowd is a vague dream of the past. The pension, paid-off home, no debt and children out of the house is a world that did exist for a lot of people in the decades leading up to the ’80s, but that is not reality for most in the 2010s.

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Tonya Knudesn


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