“Yep- it used to be enough, before everything went sky high- now there’s probably lots of people in same boat- they had enough for retirement IF prices didn’t soar- then along comes bammy and in 6 short years, all of a sudden the funds aren’t enough- We’re facing that very situation and like you we live very simply- but will probably be forced to cut back more and m ore till we eventually have to get rid of internet, perhaps tv etc just to make ends meet- It’s like we’re being pushed back into the stone ages by the left- I guess they didn’t like other people doing well”
And the government pretends like there’s no inflation, so the cost of living index is pitifully low. We just have to sit by and watch our purchasing power decline.
I’ve been watching the Forbes retirement survey for the last several years. Each year, less and less people think they’ll be able to retire. More think they’ll have to continue to work, even after getting on Social Security. Sad thing is - many older folks get physical problems so that they would have to limit the work they can do, so planning on continuing to work can be risky.
[[And the government pretends like there’s no inflation, so the cost of living index is pitifully low. We just have to sit by and watch our purchasing power decline.]]
Exactly- The fat cats who decided there was no cost of living increase gave themselves healthy cost of living increases to the tune of 10’s of 1000’s of dollars in some cases, yet denied seniors and veterans and disabled people cost of living increases DESPITE the FACT that many of them have to get by on as little as $700 a month-