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An Exercise of Power

Many brave men and women have worn and do wear the military uniform of the United States of America. They put their lives at risk and have lost their lives to protect our freedom, our loved ones and our right to vote...


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Ann Krantz

 
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Monday, July 4, 2011

An economic history of my family

Other Opinions Ann Krantz An economic history of my family: Facing a future without pensions and health insurance
By Ann Krantz
I was prompted to think about this history when I heard a young woman remark, on NPR’s Marketplace Money, “We will be the first generation without pensions,” the discussion being about wise investing. That’s true, and if the current politicians have their way, this may also be the first generation in modern times without health insurance and Social Security.
My father’s parents were immigrants from Sweden at the end of the nineteenth century. They both worked as cooks in lumber camps. At some point they met, married, and bought or homesteaded a subsistence farm in Menominee County in the Upper Peninsula. My father was the youngest of three children born between 1900 and 1908. When my Aunt Vera finished high school, she went to Michigan State College and became a teacher. But the boys had to become wage earners to support themselves, their families-to-be, and as the years went on, their parents. This was before the days of Social Security which was instituted in 1935.
 
 
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