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Here’s to a better Labor Day

By Jennie L. Phipps · Bankrate.com
Monday, September 5, 2011
Posted: 9 am ET

I just bought a new truck -- it's part of my retirement planning. It will pull a small fifth-wheel RV, which we hope to someday use to spend weekends at car races -- one of my husband's passions. In the meantime, I like driving a truck because I'm a gardener and putting mulch in a car is a smelly idea. And once I reach retirement, I plan to spend even more time schlepping it.

I'm going to give my old truck to one of my kids. His car is on its last wheels and he can't afford to spend much to replace it. This Labor Day, we're mired in an economy that is toughest on young people who are having a hard time jump-starting their lives because they can't find jobs that pay very well.

I think those of us who started work 30, 40 or more years ago were lucky. We worked hard, but there was lots of opportunity to get ahead. Now as we move into our retirement years, we're facing challenges, but some of them are insignificant compared to the issues that our offspring are likely to encounter when they reach this stage of their lives.

This Labor Day, we're celebrating some young friends' new baby. This is probably as close as I'm going to get to being a grandma, so I'm embracing this beautiful child and feeling lucky.

I'm having a couple of those 55-calorie beers. Low-cal beer isn't my favorite, but these days I have to drink in moderation or I'll either get fat or fall asleep or both. Here's to a better economy and a smoother path for upcoming generations.

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