It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
If we had to live off of our SS exclusively, we couldn't do it. We could cover our bills, but it would be very tough to live for sure.
originally posted by: musicismagic
For those of us without a union pension and no savings ( yes I mean no savings, no home equity, no nothing but a 15 year old car), how are you faring?
What is the main thing that you have to deal with on an everyday basis. Here us old folks have turned to shop lifting to make ends meet. It's called Nenkin in Japanese.
originally posted by: beezzer
Social Security is the government's way of determining when you eat, what you eat, what you drink, how you live, where you live, what you buy, where you buy.
Trusting government to take care of you when you retire is risky, to put it mildly.
originally posted by: seattlerat
Have been on SSI Disability for a number of years, and had been doing OK until rent began to increase exponentially over the past 3 years. Landlord decided he wanted to sell the building, and I later learned that the sudden rent increases were done to artificially increase the "income value" of the property in order to gain a higher sales price and attract buyers. Now I am stuck here, because I can no longer afford to set anything aside for moving expenses without some sort of miracle happening. I have resorted to selling my belongings on ebay, craigslist, pawn shops, etc. just to have enough cash to survive until the next benefits arrive. I try to appreciate what I have- I've been homeless and that is certainly no fun, so I am thankful that I have a place, but it is frustrating to be trapped by rising prices of EVERYTHING when your income does not increase at the same rate.
originally posted by: LDragonFire
Most people I know that retired well, meaning nice roth ira married both drawing social security have completely gone broke in the first 3 to 5 years because of medical costs. Seems the system is rigged to get your money, retire well off and in no time all your money is sucked away. If you haven't wittiness the banks or corporation steal your pension you will end up giving what ever wealth you saved to the medical industry, if you wish to live that is.