#retirement-finances
#retirement-finances
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#social-security #cola #aging-population #housing-costs #medicare-part-b #inflation #elderly-poverty
fromwww.mercurynews.com
1 month agoRetirement in the Bay Area: Poll finds many seniors face bare-bones budgets, mounting debts
At 61, Alexander Remus has pared his life down to the essentials. He lives on a modest pension, avoids restaurants, and allows himself just one visit to a movie theater a month to stay sane. Even his prescriptions for a chronic health condition aren't guaranteed some months, he skips doses to stretch his budget. The sacrifices are painful, but he said they're the only way to keep up with the cost of living as a retired highway maintenance worker.
California
Real estate
fromSFGATE
1 month agoYou'll Struggle To Live Well in Vermont on Just Your Social Security, Even If Your Mortgage Is Paid Off
Retirees in Vermont relying solely on Social Security face an average annual shortfall of $8,088, driven largely by high housing-related costs consuming nearly 43% of benefits.
Business
fromBusiness Insider
2 months agoMany of America's oldest workers are earning less than $20 an hour. Some take pay cuts just to get by.
Many Americans aged 80 and older continue working low-paying jobs to supplement limited retirement income despite relying on Social Security, pensions, and minimal savings.
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