These are different, GM bonds not GM stock. They are backed by the GM buildings and equipment. Totally not the same. Yes GM stock became worthless. This isn't the place for finical advice. Talk to your finical adviser. If you don't have one, get one.
What people need to see if that when they were working they got raises. I started working in college for $1/hr minimum wage. Now minimum wage is more than 7x. The 31 years I worked my wages increased over 7X. My mom died when she was 88. Her SS was a little over $600. When she first started drawing SS she thought she could live on that. NO WAY. People need to thing long term or you will be like my mom and brother. Living with your kids or in the poor house.
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Today's Featured Article - History of the Field Marshall Tractor - by Anthony West. Any restorer who has some knowledge of turn of the century farm machinery, will recognize the name Lanz Bulldog!! This machine was to say the least unusual in its appearance. The huge flywheel and coffee percolator shaped exhaust. Along with square body lines and cylinder head protruding forward of the front axle. Would become the visual differentiation that people would quote to separate the Lanz from other period machines. The Marshall company based at the Briannia Works in Gainsborough
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