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originally posted by: DBCowboy
a reply to: seeker1963
My brother and I are encouraging our parents to spend their money and enjoy life!
They stopped paying for us when we turned 18.
Or, as they said back in the day. . . . XVIII
originally posted by: mamabeth
a reply to: seeker1963
Maybe your brother could ask your parents now about
what they might leave him.I am going to start giving
my kids things I want them to have now.
originally posted by: toysforadults
originally posted by: DBCowboy
a reply to: Phage
My folks taught me a work ethic.
It was up to me to use it or not.
maybe you old farts should get off your lazy bums and get back to work then!
originally posted by: DontTreadOnMe
a reply to: toysforadults
I think older people plan for retirement....and all they used to calculate what they will need to survive after retirement did NOT take into account runaway healthcare costs.
The hell with what a coke cost.
Obamacare, exploding drug prices and rising costs for Medicare [that now includes care for far more than those over 65] skewed their budgeting.
And as far as housing, if anything, many older Americans are downsizing.
Giving up those large homes with great rooms for smaller condos and apartments.
FWIW, things are tough all over, and mostly we can thank the politicians and lobbyists!!!!!!!!!!!!!!
STROUDSBURG — Charged in December with threatening anyone coming to evict him from his home, Michael Spencer Rogers, 63, a Stroud Township man has barricaded himself with a gun in the Glenbrook Road house where he was raised, police said. After a fifteen-and-one-half hour standoff with police, they entered the home at approximately 2:30am, where Rogers was found dead due to an apparent self inflicted gunshot wound.
A standoff began late Wednesday morning and continued through the night as Rogers stayed barricaded in the home surrounded by police armed with guns and protective body shields and accompanied by armored vehicles.
Rogers fell behind on paying property taxes on the home originally belonging to his parents, after which a lien was placed against the house, according to police.
The culprit appears to be cutbacks in the social safety net -- such as raising the retirement age and requiring seniors to pay more out-of-pocket health care costs -- as well as a shift in risk from government and corporations onto individuals.
originally posted by: mamabeth
a reply to: toysforadults
I have already spent many years in the work force and now
am on SS.
How many years have YOU been working? Are YOU working?
I have paid my dues and then some.What have YOU done?
originally posted by: mamabeth
a reply to: Blaine91555
My medical insurance is pricey but good.Those mini strokes
that I had in May were covered.That one night and day in
the hospital cost over $14,000.00.
A lot of people don't realize they could be one major illness
away from going broke.
originally posted by: DBCowboy
originally posted by: toysforadults
originally posted by: DBCowboy
a reply to: Phage
My folks taught me a work ethic.
It was up to me to use it or not.
maybe you old farts should get off your lazy bums and get back to work then!
I thought you wanted us old farts retired because we're bogarting all the jobs!
(Bogarting is a term we used in the day to mean "hog" or not share)
originally posted by: Blaine91555
a reply to: Phage
The culprit appears to be cutbacks in the social safety net -- such as raising the retirement age and requiring seniors to pay more out-of-pocket health care costs -- as well as a shift in risk from government and corporations onto individuals.
Out-of-pocket includes that.
I don't qualify for any subsidies, but just barely. $1,600 a month for insurance for my wife and I and that's the cheap stuff. $17,000 deductible now. Goes up more next year. I spoke with another business owner a couple of weeks ago who is three years older than me and he and his wife are paying $2,400 a month with a $23,000 deductible. His wife had a stroke, so he's selling his house, but still expects to not make it. My own doctor told me he estimates it's roughly 7 million people who are in the same boat, who don't qualify for handouts. We are being punished harshly for continuing to work and be productive, but I suspect you know that.
Anyone who does not think that health care is one of the top reasons for bankruptcy in my age group, has not been paying attention.