Below, I have posted an 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. How is losing money going to help your finances, which is what happens to most people who get involved in Amway and the teaching systems.
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. It's pretty insidious of these leaders to embellish the truth just to sell their opportunity.
1 comment:
Amway pushes a lot of myths. The idea that most people are dead or broke by 65 is one of them. First of all, many people today live well into their nineties, and second, when you are in a good position in some job you are likely making top-dollar, as well as collecting social security and income from your investments.
This myth actually shows that Amway aims at recruiting the losers of life -- those who aren't going anywhere and who have no substantial job to hang onto. Such persons will certainly be broke by the time they reach 65, but they are not going to avoid that fate by joining a dipshit MLM scam like Amway.
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