The theme this week on the One Minute Retirement Tip is 2021 Economic Predictions. I’m sharing with you 5 key takeaways from our virtual client event with economist, John Mitchell. 

Today, I’m talking about the most important takeaway from John Mitchell’s presentation. It’s something that didn’t hit me until he said it, but since then I've thought more about it, and I’ve really started to consider just how monumental and life-altering this pandemic will be. 

In his presentation, John closed by saying: “this pandemic is likely to be “THE lifetime defining event for this collection of global inhabitants”.

Stop and think about that for a minute. For you, me, and everyone else alive on the entire planet right now old enough to remember, this will likely be the event of our life that shapes us more than anything else. It’s strange to think about it when were still in the midst of this pandemic, but we were all going along just fine and then Bam! Covid hits and the world changes overnight. 

When you think about other lifetime defining events it’s easy to see how this is the case. 

Lifetime defining events for previous generations were the Great Depression and 2 world wars. The cold war and the fall of the Berlin wall. Many of you listening are old enough to remember JFK’s assasination, the Vietnam war, and watching a man land on the moon. Even more recently -  9/11, and the tech revolution. The fact that many of your are listening to me on a smart Alexa device that recognizes your voice and can do many things is mind-blowing. 

But many of these things pale in comparison to the life-altering and shared experience of Covid. It’s anyone’s guess how this pandemic will shape our lives 5, 10, and 50 years from now, but it’s really interesting to think about how monumental this event is in shaping not just the future of our economy by our everyday lives. 

I just hope I’ll be able to drink from a communal drinking fountain again and I can’t wait for the day when my 3 and 6 year olds no longer have to wear masks at school. The fact that I’m saying these things out loud would have seemed incredulous just a year ago, but today, it’s the world we find ourselves living in. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

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