InvestorsHub Logo
Followers 108
Posts 7659
Boards Moderated 0
Alias Born 07/24/2003

Re: roguedolphin post# 16085

Sunday, 09/14/2008 2:44:54 PM

Sunday, September 14, 2008 2:44:54 PM

Post# of 33753
Rogue, I'm not so sure that the present generation of retirees will be immune from the poverty that the crooks in Washington are creating for EVERYONE. Remember the present retirees are on fixed income, so $5 per gallon for gasoline,$300 per month electric bills, and a 25% increase in grocery bills hurt them even more than those working. Those in the workforce can work overtime or take a second job. Not many places hire seniors except WalMart for greeters. Retirement checks usually do not get COLA increases, except for social security. And on social security the annual increases for Medicare amounts to more than the COLA increases. So, I look for many of the present seniors to start living in poverty. The only thing that has spared many from that right now is that many of them have their houses paid for.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.