I’ve pulled everything out of savings and spent it! I have no intention of investing at these low rates of return with the threat of inflation or government confiscatory policies!
Probably what we all should be doing. Maybe taking out our savings and hiding the cash somewhere like our grandparents did isn't such a bad idea anymore. Then, of course, install a security system for our homes, get a big dog, and buy a gun!
Unfortunately, the reality today is that many have already had to spend their savings just to survive the high costs of living. What is both disgusting and criminal is that cuts in SS or retirement funds hurt the people who WORKED all their lives and contributed their own money to these funds. Taking from them is outright stealing by our government.
While those who have existed for generations on welfare programs and NEVER WORKED, never see any reductions in their checks from the government, and the politicians aren't daring enough to do so because they are afraid of appearing "heartless" and losing votes. They don't care about hurting the seniors...who, they rationalize, will die out faster than the millions of government dependent welfare recipients who will be around longer and able to keep voting for the power hungry politicians.
I know many seniors who were productive all their lives who now have to survive on meals of cereal or peanut butter sandwiches just so they have enough money for medications, or gasoline, or paying the utilities. Meanwhile, the true "entitlement crowd" who never paid a cent into the system and only take from the government are buying expensive cuts of meat, prepared and frozen meals, bags of junk foods and snacks, sodas, etc. and paying for it all with their EBT cards. They also get part of their rent covered by HUD, and assistance with utility payments. Then, these same people buy drugs, or get their hair and nails done every week, and are able to buy themselves and their kids name brand sneakers and clothes...all paid for from their welfare checks. While seniors are shopping in used clothing stores and wearing sweaters in their homes so they can keep the heat turned down lower to save money.
The government should leave Social Security and Retirement funds alone and cut back what are the true "entitlement" programs. And, the recipients who exist on government assistance throughout generations and their eternal lifetimes should be purged from the list and made to support themselves by getting a job. Or, at least - they should be made to pass drug tests regularly; and then only permitted to shop in discount clothing and food stores, and only allowed to purchase foods that are on Michelle Obama's "eat healthy" list - that would comply with "Mamma" O's dictates, LOL! And it would discourage the continual existence on government checks if long term recipients were not able to live luxuriously but were only able to afford the true necessities.