why doesn't someone address the financial concerns of older people on fixed incomes who are struggling we need

Answer 1

In order to adequately address these financial concerns, the country needs to go back to the pre-Depression mentality. Pre-Depression, individuals were responsible for themselves. Yes, there were pension plans provided by companies if you were with the company long enough, but the government was not responsible for the individual once they reached a certain age. That was the responsibility of the family. People planned for their future more and more.

Currently, the government has social security in place. This acted as a safety net for individuals. However, it was taken advantage of, and individuals began to shirk their responsibility to save when they were younger. Thus, they became reliant upon the government to support them.

Which brings us to our current crisis. We are in the midst of the biggest wave of individuals retiring and going on social security, while workers who are paying the taxes to support this are shrinking. Thus, in order to maintain the same standard, we must hike the tax rate on these individuals. This is not necessarily an option, as it would cause undue hardship on many of the poorer citizens. The other option is to cut benefits, which is what has currently been going on. This can be done in a variety of ways, such as increasing the age to retire, or simply slashing benefits.

Bottom line is that the only way to cure the entire problem is to ween the population off of the governments support and force them to take back responsibility for themselves. This will take years to accomplish, if it ever even gets accomplished. But until then, the problem will simply worsen.

Answer 2

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Answer 3

I would love to answer this without sounding like a *****...
but htey dont address them b/c it isnt "their' problem.

Then, when it is "their" problem they are teh sr citizens that cant afford anythign.

You have disabled Sr citizens that worked their ENTIRE LIVES and contributed their ENTIRE LIVES to social security... they pay $40-$100 co-pays for ONE prescription becuase of Medicare's deductable.
A 25 yr old "disabled" (depressed) person pays $3 per prescription co-pay becuase of Medicade's deductable.
Go figure.

Food stamps? That's a joke. Srs get a $35 credit for medical taken off of their income... it doesnt matter if they actually need HUNDREDS of $$ a month in medical.... only a $35 credit. So their "Gross" income is too high to get food stamps... When, in reality, their social security AVERAGES 1200 a month. Prescriptions average $400 a month. Utilities average $400 a month. Many have a mortgage still.... MY grandmother still has a $600 a month mortgage, $800 a month prescritions, $300 a month utilities, MUCH LESS food... transportation... cloths.... HER social security is $1300 a month AND she has an ADDITIONAL medical insurance from the company she retired from.

Whey dont they address it? They are too centered on their own lives... they dont understnad how bad it is....

Kudos to Walmart/SAMS for the $4 prescriptions they are offering now. That is saving my grandmother about $200 a month now.

Below are some links to see what services seniors qualify for and what services are available in your community,

Answer 4

I have... I talk with my parents often and direct them to where they want to go financially. I cannot help every ones parents. These elderly people knew damn well they were going to get old and they should of been saving and hoarding like I have. Now I try to help many of these people out only to hear them whine about the costs of everything. I know the costs of things are outrageous but if they had only hoarded like I do, they would have had a retirement of dream come true.

This can only be a lesson to those of us younger. WE need to make sure WE are financially set for our retirement years because no one else is going to take care of us. WE must see to it that WE take care of ourselves.

: )

Happy Thursday !

Answer 5

as one of those people i feel,noone really cares about us oldies,growing aged population,it will cost the federal gvnmt tooooo much.yea its good with a can of cat or dog food,depending on yr appetite.push yr question to mps,life is bloody hard for us oldies.NO ONE CARES.