BoomerVille: FORO & Have We Become Our Parents

 It looks like a good day ahead for Boomers who keep looking and looking at their financial state of affairs.

Dow Jones E-mini FuturesFuture

52,487.00+377.00+0.72%

But a hardening situation is this: the inability to spend. There's even a new acronym for that. It's FORO, standing for Fear Of Running Out. Actually, up to 30% experience angst, not elation, when spending money. As The Atlantic puts it, there's been no blowing funds on bucket-list items. Not been around the world? Probably never will be. 

All this is so understandable. After all, the 100-year life has become more common. Rupert Murdoch, Warren Buffett and William Shatner are all in their late 90s and active. 

I'm among them the FORUs. The oldest of the Boomers I get it that I have become my running around shutting off the lights Depression era parents. I add the microwave, which didn't exist for most of them. Unplugging it when not in use prevents what's known as vampire power draw. That saves on electricity consumption.

A blatant sign of my pathological frugality is that a chat bot, usually known for sucking up, told me off. I was having it review the safety of neighborhoods where I might relocate. Sternly it informed me that if I shook loose additional funds for monthly rent the odds were better for safety and more.

Oh, as many who rode the post-WWII economic wave, I had been a big spender. This Old House on the Gold Coast of Connecticut and a cottage at the Jersey Shore. I funded animal rescue. I traveled. 

Then, as is happening on a massive scale to younger generations, the earnings rug was pulled from under me. The perfect storm of Enron and the aftermath of 9/11 collapsed my industry. I lost my business, my nest egg and my mind. Affluence can't be trusted. That's what I teach my current clients for intuitive coaching and tarot reading.

Careers. Forget all that. It’s about earning a good living, no matter what. Intuitive coaching and, upon request, tarot readings.

Complimentary consultation with Jane Genova, StreetSmart Coaching (janegenova374@gmail.com)


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