Trouble Brewing for Seniors on Social Security

Excerpts from the article:

Medicare premiums increase more than the COLA, so we seniors keep losing money.  Our rent, property taxes, food prices, utilities are all going up, but our income keeps going down.  So, what I could afford last year, I can’t this year because we aren’t gaining an increase.  We are losing money every year,” says Jane.

            “Medicare doesn’t cover all of our medical bills.  To get enough to eat, I have to go to food banks to make it thru the month, and the food is not great,” she says.

            Jane feels that Congress is turning a blind eye.  “No one cares about us little people who worked all of our lives.  Everyone can’t be billionaires.  I need surgery and I can’t afford it.  I will end up with frozen shoulder, but who cares about my problem?” she asks.

Jane thinks Medicare should start at 62.  “My husband has Medicare, so we pay $144.90 month for that, and $158.00 month for his supplement.  I DO NOT have health insurance because I am 63 and we can’t afford to pay for my husband’s insurance plus $500 a month premium for me.  My insurance would have a $3,000 deductible and a total of $6,000 annual out-of-pocket.  So, I have to be self-pay.  I have this shoulder pain that I can’t get treated for.  I am in pain 24 hours a day,” she says.  

Jane is worried.  “I just don’t know what will happen.  We would love to stay in the house we worked so hard for.  It’s not a fancy house — built in 1950 — it’s a small rancher.  But we probably will have to sell it in order to live.  I just don’t know what to do.  This government really doesn’t care about their seniors.”

TSCL has heard from dozens of you with comments like Jane’s.  According to a report by the Government Accountability Office, roughly 48% of Americans approaching retirement have no retirement savings at all.  This means the majority of retirees are depending on Social Security for the majority of their income.


LFC Comments: We have been saying for several years that seniors and those living on fixed incomes are being priced out of their homes that they have worked all their lives to achieve.

Look for some government official to offer this solution: “We will let you live in your house until you die, all you have to do is hand over the title to the government now.

The elimination of private property is part of the Great Reset, New World Order, or whatever you want to call it.

We are in TROUBLE!

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