Thursday, January 26, 2012

Dead or Broke By Age 65 - An Amway Myth Debunked?

Below, I have posted a recent article indicating that about 1/4 of Americans are working beyond the age of 65. That certainly debunks the IBO myth that 98% of people are dead or broke by age 65. It should be noted that the older folks still working make very good money. More food for thought should be how you as an IBO will benefit from the Amway business if you are not making money or if you are losing money due to continuous purchases of "educational" materials.


http://www.usnews.com/money/blogs/planning-to-retire/2009/7/14/a-quarter-of-americans-still-work-after-age-65.html

A Quarter of Americans Still Work After Age 65
Comment By Emily Brandon

Posted: July 14, 2009

Retirement is a thing of the past for a quarter of Americans over age 65. Just over 25 percent of those between ages 65 and 74 were still working in 2008, according to the latest Census Bureau numbers. And amazingly 9 percent of Americans still go to work between ages 75 and 84. After age 85, the number still working trickles down to 3 percent or about 122,000 people who continue to hammer away at their keyboard or punch in with their time clock.

Most people over age 65 still in the workforce are professionals (20 percent) or hold management positions (19 percent). A large portion of seniors also work in the service industry (18 percent) and sales (15 percent) or have office jobs (12 percent). But a few retirees also manage to do sometimes strenuous jobs such as production and transportation (12 percent) or construction and maintenance (5 percent).

Many of the seniors who continue to work full time have earnings at the top of the pay scale. About 20 percent of those age 65 and over make over $75,000 annually and just over half (53 percent) earn between $25,000 and $75,000 from work. Slightly over a quarter of those working full time in retirement make less than $25,000 annually.

Seems this is just a myth perpetuated by AMO leaders. Possibly to scare people into thinking they should consider Amway as a solution.

4 comments:

ExAmbot said...

"Seems this is just a myth perpetuated by AMO leaders. Possibly to scare people into thinking they should consider Amway as a solution."

Yes that's AMO charlatan leaders MO. They are so desperate to hang on to current ambots just that much longer and to get newbies in. I remember at one time I did wonder about the truth of those numbers but like most ambots, I let it slide due to ... I really don't know other than the diamond said it and he must be right, right? But then logic and reality pointed differently. I didn't see almost everyone hit 65 and drop dead if they were not in scAmway and most are not. At the time I didn't know it but I was suffering from common cognitive dissonance, common amongst ambots.

ExAmbot said...

I meant ...

I didn't see almost everyone hit 65 and drop dead if they were not in scAmway (and most are not) neither could they all be rich by then, that they became immune to "98% are dead or broke by 65%" - just my simple logic.

I am inclined to think this 98% crap would be a widely, publicly known phenomenon on it's own.

Anonymous said...

and on top of all that, they preach about their GOD at the f.e.d. meetings and ask for MORE money at their "church" meetings. just like at "real" churches and on "christian" tv. another reason why i'm a hard-core ATHIEST!

**proud Amway hater**

Anonymous said...

What people do has NOTHING to do with your relationship with God. It's between you and God. Being an Athiest means you worship yourself by believing that there is no higher power than people. And people make crummy gods #fact