Friday, January 11, 2008

What About Your Region?

Most of the people who read this blog are from places far removed from Ohio. We have many readers from California, Massachusetts, Great Britain, Spain, Russia and Asia. Welcome to my world.

I wrote earlier today about the dramatic and ominous changes that are occurring in Ohio. I think these are similar if not worse in other regions of the USA and the world.

Europe is in worse shape than the US. The nations in Europe have a much lower birth rate and are not replacing the deaths. This means more immigrants.

People there retire earlier than we and have greater social security. But, there are fewer workers meaning that the retirements cannot be sustained. And, unlike the USA, very few Europeans have private retirement plans.

The crisis there is even worse than here and it is horrible here.

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