Podcasts about life unsettled

I met Scott in Yellowstone National Park when my van broke down and I was stuck all alone. Scott is one of those incredible humans who gives with his heart and expects nothing in return. After spending about 48 hours with Scott I quickly learned that he has been on an amazing journey that took him giving up his 40 hour work week to hike the Appalachian trail for 5+ months and has never gone back. Not only does Scott have an incredible heart, he also has an incredible story that is worth sharing! Subscribe to hear the whole episode and feel free to share this podcast if you are inspired too! With gratitude, Nikky Scotts insta: @beastbeyondboston Nikkys insta: @veeweethevanagon

Age for an entrepreneur, how old are startup entrepreneurs? Are you too old or too young? A constant question always seems to be: “How old should I be? Am I too old?” I have a few surprises for you, both with examples, and some survey material. Many Famous Startup Entrepreneurs began Later in Life First, let me give you a few examples. Ray Kroc, Founder of McDonald’s franchise, you may have heard, he didn’t start. Actually, he met the McDonald’s brothers when he was 52 years of age and that’s when he literally started with the idea. Wally Blume. You may not have heard of Moose Tracks Ice Cream, but age 57 was his starting time. Even though you may not know it, they are making 80 million dollars a year. The co-founder of LinkedIn was 35, that’s sort of on the young side actually. The founder of Curves was 40 years of age. It goes on and on. Remember from Episode 01, an introduction to entrepreneurship and lifestyle success, the economic and technological change is a major reason to get a side gig or your own business. Do you know that Martha Stewart was nearly 50 before she moved from the catering business into Martha Stewart Living and became that big magnet? There are even some people. If you remember the old TV show that had Justin Bateman on it, you’d think she wasn’t very bright. At age 48 she realized that some of the things that she wanted to do, she had to go back and she had to learn programming. She went back and learned how to program at 48. Vera Wang, she didn’t do her first dress design or any design until she was 39 years of age. It goes on and on. Surprising Facts about the Age of Startup Entrepreneurs Let me give you a few facts that you probably haven’t even thought of and that are really crucial for you to feel a little more confidence if you’re older and thinking: “Gee, what am I going to do now?” Remember the whole concept behind Life Unsettled is that if you’re a 50-year-old person then you have more years ahead of you than your entire adult life. Yes, living past 90 is greater than the 32 years you’ve been an adult, so plan on your next journey, plan on your next adventure. A couple of little facts to help you out, too. What is the average age of an entrepreneur? It depends on where you are a little bit. It turns out in the United Kingdom it’s 47. For US, there was some research done by the Kauffman Foundation finding that the average age of a successful startup in the high-tech industry was actually 40. Yes, not 19, 20, 25, and all those years you heard, but the average age was 40. Gee, I thought they were supposed to be over the hill already for tech. It turns out that high-growth startups are twice as likely to be launched by people over 55 than by people 20 to 34. Wasn’t it just a few years ago we were constantly hearing that it was the young people who were starting up all these neat, new companies? Yes, they may have started up Facebook and a few others, but a lot of the high-tech companies of today need a lot more breadth and a lot more in some other industry than a Facebook or something like that. Twice as likely to be over 55 than 20 to 34. I bet you didn’t know that. Why Older Folks are Good Startup Entrepreneurs Part of the reason I’m doing this is for you to think in terms of all the things that you have as your own experience, and in many cases how to meld technology. It doesn’t have to be technology. Vera Wing, that was designer. It can be technology melded with what you already know. The internet and technology have changed the world and they’re changing it very rapidly and continuing to change. Henry Kaiser of Kaiser Permanente, he linked together with a physician to form Kaiser Permanente when he was 63. Colonel Sanders was Driven to Success at 'Retirement' Harland David Sanders, yes, Colonel Sanders, you’ve probably heard that over and over again, he was 65 years old when he started his first little business. Actually, not a store.

Today we get to talk with Thomas O'Grady. We start out today's conversation with a short story of the moment our guest broke Russian/Chinese Code. Thomas is a scholar and a supremely excellent mathematician. Now, before you roll your eyes and tell me how much you hate to do math and don't understand it, let me just tell you that Dr. O'Grady, explains it all so beautifully and in a way that anchors the math in so much meaning.Today we talk about making changes in your life, setting expectations for yourself, and how to continue to adjust your goals as you attain them. Thomas shares stories about his experience as a Soviet Intelligence Operative, his determination during his education, and his fear of public speaking. His advice for public speaking? Don't go to Toastmasters. Several weeks ago, we published our conversation with violinist Hal Grossman where he and I talked all about stage fright and performance anxiety. This conversation with Thomas O'Grady is a perfect follow up, especially for those of us who love the analytics of life and comfort zones. Brave Take-AwaysOkay, so beyond the Bare Naked Bravery Adult Coloring Book, your Brave Take-Away from today's show is to take a listen to a couple of my favorite episodes of Thomas' podcast called Life Unsettled... http://www.lifeunsettled.com/79-cognitive-dissonance-business/http://www.lifeunsettled.com/78-competitive-advantage-honesty/http://www.lifeunsettled.com/65-entrepreneur-risk/We'd love to hear all about your favorite parts of today's Bare Naked Bravery. You can find Thomas O'Grady and myself on facebook, twitter, instagram, and more. Go ahead and tag us so we can cheer you on and see what you're up to. I'm looking forward to being with you next week. We have some great things in store for you! Until then I have one message for you. It's this:Be yourself. Be vulnerable. Be brave. Because the world needs more of your Bare Naked Bravery.

We’ve all heard people talking about work-life balance, and: How are you supposed to have it? It’s a choice. Let’s talk a little bit about work-life balance versus the hustle, that is you hear people saying: “Work smart, hustle, keep going,” etc. and then you have these other people trying to tell you about work-life balance. Let’s take a look at the two, because there’s really a lot to each story. Some gurus preach Work-Life Balance while others lecture the importance to hustle. Balancing work and life is a personal preference with consequences First, work-life balance, as defined by Wikipedia, it’s listed as a concept including the proper prioritizing between work, which they include as career and ambition, and balancing with lifestyle, meaning health, pleasure, leisure, family, spiritual development/meditation. So what does that all mean? I’m not going to say that one is better than the other, but I am going to say that whatever you make as a choice, it is your choice. Don’t be jealous of the person that hustles and doesn’t have a proper work-life balance, but has a lot of success in whatever they’re doing. That was their choice, you choose something else. That’s okay. But it’s just we each have our own priorities. Now, if you want to have a little bit of both, that is you really want to have that work-life balance as well as be very, very successful, the only way you’re going to carve out that bit of extra time is through better time management. Go to www.LifeUnsettled.com/time and get some of my suggestions there so that you can get more time out of life. But I’m not saying you have to do that either. These are two really important topics to think about. One of the reasons that life-work balance comes into play a lot, some it has to do with the fact that you should have fun, and that’s good, but a lot of it has to do with pressure. Just like you have the pressure to hustle, you have the pressure in a sense to devote more time to your family, more time to other things/activities that you’re supposed to be involved in. In either way, there’s stress going both ways. Where does it all stem from? Many years ago, not too many, but many years ago there was that one person in the household, usually the guy, (almost always the guy) who was working and he was supporting the family. That meant that whatever school, house they bought, place they went, whether they had a vacation or not, what things they were able to get, how they were able to live was all determined entirely on how he performed, and everything that he did at the job he was captive at in order to get the most income he could to provide for the family the best he could. The pressure was all on him. Then what happens is, and sometimes it’s featured in movies and you see the movie shows some guy that: “He’s not putting in his time with his family. His kids are less involved with him, they don’t appreciate him because he’s never around.” Part of that is the job of the female in this case (right now it can be switched around; it can be the guy staying home and the woman working), but in either case, the one who is staying home, it’s part of their responsibility to make sure that the kids understand what’s going in, why dad has to work late, etc. and that yes, he would like to be home, yes, he would like to go to some game or something else. I hope he would anyway. But there are those kinds of pressures that if he doesn’t he’s not going to get the next promotion, he’s not going to get the bonus, he’s not going to get whatever. So what you really have is a situation which society has turned upside down in essence because the pressure was all on the man many years ago that would determine everything about their family’s lifestyle, etc. Now there’s much more of dual income or in some cases, in many cases the woman making more money. That doesn’t matter. Actually, when I was in college I used to say: “Quite frankly,

Life Unsettled is a podcast hosted by Thomas O’Grady in a world where life is unsettled. How do you set yourself up for years to come (and start today) ? Until recently, the years between 45 and 65 years of age were ‘net savings years’, those years where income was more than expenses and people saved for retirement. Now, companies are replacing older workers. Meanwhile, while the net savings years are ripped apart, we’re all living much longer. So, how are people going to refocus their plans. Instead of retiring around 65 and living into their 70’s, people are losing jobs earlier and living into their late 80’s or 90’s.  Solutions to this come from a variety of economic areas, entrepreneurs, financial people, home businesses and secondary income.  The past is over. We can benefit by our experiences, but the past is behind us don’t dwell on it. The future is a dream, but all life is in the present, i.e. ‘Life Starts Now!’ The key question we answer in this episode is... What do you do if you hit 50 and feel you have wasted a lot of time? Thomas F. O’Grady received his PhD in Mathematical and Statistical Economics from the University of California at Berkeley. Since the age of 12 he’s been interested in entrepreneurial activities. He rose to the top in Soviet intelligence, broke Soviet codes 3 times; extended Nobel Laureate Daniel McFadden’s work at GM Research labs; as head of Chase Automotive Division reached profitability the chairman and president insisted was not possible; to international recognition in his international consulting firm; a top trainer in Advanced Programming and Database Development, wrote Database Developer’s Guide to Microsoft SQL Server (7); completely redirected corporate initiatives into customer focus. Besides hard work, he credits his success to constant independent learning and states that he learns from each person he meets. Head over to www.AYAlpha.com for more.  

Our featured guest is Thomas F. O’Grady, who is also a podcast host of Life Unsettled with Thomas O'Grady Podcast. Mr. Thomas O’Grady just launched his much-awaited book, "The Mechanics for Breakthrough Success: The Guide to a Life You Never Considered Reachable" Link to the book page: LifeUnsettled.com/bts   Thomas F. O’Grady received his Ph.D. in Mathematical and Statistical Economics from the University of California at Berkeley. Since the age of 12 he’s been interested in entrepreneurial activities. He rose to the top in Soviet intelligence, broke Soviet codes 3 times; extended Nobel Laureate Daniel McFadden’s work at GM Research labs; as head of Chase Automotive Division reached profitability the chairman and president insisted was not possible; to international recognition in his international consulting firm; a top trainer in Advanced Programming and Database Development, wrote Database Developer’s Guide to Microsoft SQL Server (7); completely redirected corporate initiatives into customer focus. Besides hard work, he credits his success to constant independent learning and states that he learns from each person he meets. Shawn Chhabra's Webasite: http://2020marketingsolutions.com/ http://mediaauthorityshawnchhabra.com/ http://shawnchhabra.com/     Formerly, he assisted many executives and companies researching feasibility and positioning for products, divisions and companies. The list of people he directly advised includes Lee Iacocca and Alan Greenspan, and companies including Toyota, Mercedes, Mitsubishi, TRW, Fuji and Microsoft. He has been on TV and radio as an expert over 300 times and in the print media, newspapers and magazines, over 35,000 times. On one day, he appeared in 6 different articles in USA Today. And, yes, the rumor is true—he appeared in Vogue!     Thomas O'Grady lifesuccess123@msn.com Thomas O'Grady, PhD Bio: http://www.lifeunsettled.com/about/little-background-thomas-ogrady/ Author: “Mechanics for Breakthrough Success” (forthcoming) ; “Database Developer’s Guide to SQL Server 7” Website: http://www.LifeUnsettled.com Podcast: http://www.LifeUnsettled.com/foritunes Facebook: http://www.facebook.com/ThomasOGradyPhD Life Unsettled is #6 in iTunes - What’s Hot

Today I want to talk about the consequences of your decisions, and the fact that you have to own them, and that by only by facing the fact that you own the decisions that you make, can you really lead to success in anything. When you start on a path and make choices, you are affecting your future, both personal success and family. I had a headhunter give me a call, and she was talking a little bit. I decided: “Wait a minute,” there were a couple of things that she was saying, and I just decided to switch the subject a little bit and talk about Life Unsettled, what we’re talking about, and how the 45- to 64-year-old age group has so much to worry about today, and many people aren’t really facing it. Some are, some aren’t, whatever. It made me decide to change the episode that I was about to do. We talked about the lack of savings that people have, and also what they were facing: the layoffs, the low income because they were in the baby boom, and they’ve entered a period where they should be in the net savings group, and they really have to have a lot more to save for a much longer lifetime. Part of Life Unsettled. Yet, the 65-year-olds, 97% of them can’t write a cash check for $600. Yes, they can put their credit card and put it on credit of some sort – that’s borrowing it; that’s not what I’m talking about. They don’t have $600 in cash to pay off an emergency. I was thinking about: How do you motivate people, and how can that be passed on? The last few days, I was watching football. I’m looking at the news and stuff, and seeing people that really have a substantial income coming in. How do they get motivated, and why aren’t they motivated by the fact that when they make a bad decision, they lose a lot of money? We can take a look, for example: Johnny Manziel of the Cleveland Browns, his story. Realize that he signed an 8.3 million dollar deal. 4.3 million signing bonus, but 8.3 million dollars. He’s on the verge of killing his career, or possibly getting kicked out. He’s not the only example; there are many of them. He can’t go and make a decision and prevent himself that might cost him a million or more dollars, not to go out and party some night? If he can’t do that, how do you motivate somebody that doesn’t have a promising income to motivate themselves to pick up and earn more? That’s a very perplexing thing. Even on the low end, you’re going to have people making $450,000 to $500,000 in a year, as I looked at it because I just looked over the salaries as they’re published of a few different teams, and they have at least a million dollars coming in this year, plus next year. That’s a lot of money. To think that if they’re going to risk that… I started relating that and said: “If they’re going to risk that income and not do what they need to or are supposed to do…” I’m not talking about performing well. I’m talking about just showing up, not going out and partying and getting drunk, or taking drugs, or something else. If they can’t do it, how’s the ordinary person going to do it? One thing, I will give the person who’s in sports a little bit more slack than I will give you or I when it comes to things like drugs, because some of them get caught up because happens is they’re in pain from day two of training camp and they are being given different kinds of painkillers, and that could be another kind of problem. For that, I can sort of understand how that could affect somebody, but they still have to somehow get out of it. That can happen. That’s not you and I. How do you motivate the individual person, and what do we have to do? Back in college, one of the things I noticed was the way people did things for tests, reports, and other things they had to do. Let me ask you, before I give you any more info: When did you study for your tests? When did you study for your final exams? When did you do your reports? Most people, whether it be high school or college,

Thomas received his PhD in Mathematical and Statistical Economics from the University of California at Berkeley. At the age of 12, he decided he wanted to be an entrepreneur. After joining the Army during Vietnam, he rose to the top in Soviet intelligence, broke Soviet codes 3 times. As his life evolved he found himself advising Lee Iacocca and Alan Greenspan, and companies including Toyota, Mercedes, Mitsubishi, TRW, Fuji and Microsoft. He has been on TV and radio as an expert over 300 times and in the print media, newspapers and magazines. On one day, he appeared in 6 different articles in USA Today and Vogue. Thomas is currently writing a book entitled "Mechanics for Breakthrough Success" and for every book sold, he will donate a book to the military.

Bob welcomes Thomas O'Grady, Host of the Life Unsettled podcast, a self professed entrepreneur at heart, tells his story from being a child chewing gum tycoon to understanding just why there is so much individual struggle in the current economy.

Thomas O’Grady has a PhD in Mathematical and Statistical Economics from the University of California at Berkeley. His professional career has taken him from becoming the top analyst in Soviet intelligence for a U.S. agency and receiving the Meritorious Service Medal, also awarded to Wesley Clark, John McCain and General Schwarzkopf to positions with Fortune 100 companies to building three companies of his own. Thomas has been quoted by the print media over 30,000 times and appeared on TV and radio over 300 times. He currently hosts the popular podcast Life Unsettled.     Economic Themes:  In this interview, Thomas mentions and discusses: Demographics, population, baby boomers, excess demand, shortage, housing market, rent control, employment, causality, permanent income hypothesis, life-cycle hypothesis, savings, dissaving, income inequality, income distribution and incentives.   For more information about Economic Rockstar, please visit www.economicrockstar.com. There you will find links to other interviews and any resources mentioned in this and previous episodes. Thanks for listening. Never miss an episode - subscribe on iTunes!

Today we have a remarkable guest on, and this is special in that this is an answer to a lot of people’s problems. This guest is Chris Ducker, a successful entrepreneur that moved to the Philippines back in about 2000/2001, and at that time he set up a company that actually does some unique services, virtual employees, that is virtual assistants of various kinds. This gives the ability for somebody who has a company or to doing something, to hire virtually; therefore, that’s just like an independent contractor except at a lot less money, as opposed to hiring employees. Extremely successful. He’s appeared in everything from Entrepreneur, to Inc., to Forbes, a few others. You might want to help me with that, Chris. I’ve lost track of all the things you’ve been put in. Anyway, welcome to Life Unsettled, Chris. Chris: Thanks. It’s a pleasure to be here. I really appreciate the invite. You did pretty good. Entrepreneur, Inc., Business Insight, Huffington Post – that was a surprise. Other than that, you’ve got everything covered. Thomas: Okay, good. One of the things that an awful lot of people are facing, and I gave a very brief look at it, and solving people’s problems, because people today more and more so are worried about jobs and other things. Right now we have Obama Care Healthcare in the United States, etc. to add on to everything else. The increases in jobs in the United States have not been real jobs. They just generally have been jobs that are under 30 hours a week, so that the companies don’t have to worry about giving health insurance, etc. When you have part-time jobs, people are finding that two part-time jobs of 20+ hours doesn’t add up to a full-time job, because companies don’t pay you as much. People are looking for alternatives. Could you describe a little bit better for us how a virtual person, virtual assistant works? I’ll start off by saying I actually have three virtual assistants that I’m working with now. Chris: Yeah. I think the key element or the key discussion point here is not necessarily how VAs work, although I can go into that, but it’s more importantly on how people that are in that situation right now can utilize virtual assistants to go out, and either create their own what I call a side hustle, so something on the side away from their full or part-time job, where they can earn additional income. Or maybe it’s: “I’ve had enough of working for other people. I’m going to go out and do my own thing. I have 20 years in this industry, or this niche, or this space. I’ve got a lot to teach. I’m going to go out and become a blogger, or an author, or a speaker, or a coach, or a consultant.” What can I do? How can I launch that side of my life as a new full-fledged entrepreneur, and not work for a j-o-b anymore by utilizing virtual stuff? I think that’s the important way to look at it, Thomas, because I think there’s a lot of people out there that have a hell of a lot to offer society in a number of different industries and spaces, but they’re being pulled back because of the exact things that you just mentioned. Wouldn’t you agree? Thomas: Absolutely. Yes. Everybody is so concerned about the risks involved in starting their own company, but to have something on the side. That’s not to follow the mantra that’s running around all over the world, “Go follow your passion.” That’s where people become dancers, actors, actresses, singers, etc. and end up working in the Cheesecake Factory or the deli in New York on Times Square. You have other things to offer. Whatever you’ve done and however you have built that, your experiences, etc. and sometimes even hobbies. The hobby doesn’t have to be that you like to go ballroom dancing or something. It might be something else that you’re doing, but that you can become well-qualified, become an expert, learn it a little bit more, and then supplement it. Chris: Agreed. Absolutely. I don’t like that phrase, and I’m very loud and quite obnoxious when I talk about i...

If anyone wants success, whether in business as an entrepreneur or in sports, you must be willing to sacrifice. Time is at least part of that investment to be used effectively for success. I discuss the Importance of Sacrifice for your Future. At midnight, your day starts. You are given 86,400 seconds. They expire at the end of the day. How will you use them? Extremely Good Results require sacrifice, but we can discuss the idea and need for a balanced life. So, what does that balanced life mean? Success is brought by a combination of factors and you can do better than someone who is truly better skilled! I explain how. Thomas:     Welcome to episode 11 of Life Unsettled – New Path, Better Future. This episode is about sacrifice, and the importance of sacrifice to your future. No, sacrifice doesn’t have to be a lifelong thing; it can be very, very temporary and yield extremely good results. Let me explain. Looking to my background, I didn’t really have any optimistic vision of a great future or a professional future of any kind. I realized, though, a few things while in the military. While in the military, my eyes were opened considerably. I realized, of course, that college was going to be important, but not just college as an end to itself, but something that went probably a little bit beyond college, whether it be a professional school, a law school, whatever the case may be, it had to be something beyond that. Now, how was I going to get there? I didn’t think a whole lot of myself at the time, but I did realize one thing, that even if I may be not as good as many other people, if I put more effort in that they did, that is: if I put in 20% more effort than everybody else, then I would probably have much better results than them. Then I started thinking about college and what that would mean. I had about three years left of college. As a backdrop, I’ll point out some of the things I’ve done in the past or point you in a direction so you can look them up, but I looked at what I had done in college, what I could do in college, and I said: “Gee, there’s about three years left, the last semester doesn’t matter because you’re already approved or accepted to whatever you’re going into, so it’s really about another two and a half years. Gee, if I could turn around and push myself for two and a half years, that could be the ticket to the rest of my life.” That’s the way I looked at it. I did some things. Like, I said: “Okay, I’m going to give up TV.” What I did instead is I put on classical music or something, just backgrounds that filled the air. I said classical music, because I didn’t want to have some music that might have meaning or cause other thoughts to be in my mind, other than being able to concentrate. When I say eliminate everything like TV, I mean everything except NCIS, except whatever other great show you have out there, Person of Interest, etc. because even if you’re looking at those, the person that’s not doing it is moving ahead of you. It sounds like a lot, but consider: it’s two and a half years for the next 40, 50, or more years. So really, it is a small investment. It’s just like saving a little bit of time. If you haven’t, go take a listen to what Steve Thompson did in episode two, starting out with only putting aside $50 a month. I went into Hofstra University, worked like that, worked really hard seven days a week, and was well rewarded; got a lot of accolades, positions, and everything else. I was actually one of the two faculty representatives to the Board of Trustees. I also was offered the Danforth, Rhodes, and Rotary Fellowship nominations for Hofstra. When you take a look at my bio on the Life Unsettled website, you see some of the things I’ve done over time. Where did these come from? The ticket for all of them were in that set up for that two and a half years. Little bit of sacrifice, little bit of investment. It may seem like a lot when you think two and a half...

  The Life Unsettled podcast with Thomas O'Grady, provides candid insights with both solo and interview episodes into breaking through income and financial concerns for a satisfying life and your future as an entrepreneur. The interviews break out successful entrepreneurial journeys and contain content to keep you motivated and raise your visions and dreams to higher levels than you currently might think. Those higher levels that you don't even know is true breakthrough success. This initial episode provides direction and an overview of the Life Unsettled podcast. It will focus on business, entrepreneurs, finance, how to achieve success and how to redirect or re-position your future in a tumultuous world. The world has changed and it is or is going to affect all of us. This podcast's purpose is to help people with these issues as they age. Those born before 1964 are in the crowded baby boom generation, which already had lower relative income because of their sheer size. People over 45 - 50 years of age are being layed off and replaced by younger, less expensive workers. The years from 45 to 64 considered by economists as the net savings years of a person's life, when children are gone and financial obligations are less, are severely hampered. Meanwhile, life expectancy, which was closer to 70 - 72 years of age, now must be planned out to 90 - 92 years of age. So, less resources and less potential must support a much longer retirement. As a PhD economist, I was looking at and researching these issues for myself. After seeing some of the capabilities today to disseminate my own ideas and gather the ideas of others, I decided that I would share this information and make it a much broader topic. So, this podcast will include many topics and ideas as well as motivation to assist everyone. At the start, I know that we will all need a lot more for any retirement. People will need to supplement, replace or enhance their current income and wealth and probably multiple streams of income. I am the demographic that this podcast is targeting. I have a tremendous stake in the information gathered. I want to bring you along on my and probably your journey wading through the underbrush as the enormous issues evolve and are addressed. Some of the topics will include ideas on expanding your opportunities and ideas. There will be topics related to how to succeed or achieve. After all, if you need to consider something new or different to supplement or replace income at age 50, you have more of your adult life ahead of you than since you turned 20 years of age. That's right, there is so much more you can do, whether your own business a home based business or helping someone else. Transcript and Introduction to the Entrepreneur Journey: This first episode is an overview of Life Unsettled. As a backdrop, the world has changed. People in their 50's today are being laid off and being replaced by less expensive workers, and there's no reason to think that this is going to change in the future or change back to the system that we had before where people would normally think in terms of retiring from some company at the age of 65. This leaves us with a little bit of a dilemma, or actually a major dilemma for those above the age of about 45. As an economist, we call the years from 45 to 65 net savings years; those were the years people saved for retirement. That has been pulled out from underneath people's planning. Very few people truly even have enough money for retirement, and this will only get worse. Simultaneously, people are not dying at 70 to 72. It used to be: people could retire at 65, and they had about 5 to 7 years more where their savings, etc. would carry them over. Now they may be living from 85 to 92. Before, we would have needed a lot more money for retirement to last until 90+ years of age. Instead, we are seeing difficulty even preparing for retirement.