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I just cant figure out how anybody could live on twelve or so thousand a year.

2007-12-25 02:20:10 · 10 answers · asked by Curlyc+ 3 in Business & Finance Personal Finance

10 answers

Are people on SSI living in poverty?
Answer: Yes. SSI is Supplemental Security Income and is not the Social Security Retirement Payment that an individual recieves after reaching 62/65 years of age. SSI is for individuals who have not paid 40 quarters(ten years) of Social Security Tax. but are not able to work or thier Retiremment SS is less than SSI or $643 per month.

I just cant figure out how anybody could live on twelve or so thousand a year.
Answer: SSI for a single person is only $643. dollars per month which is $7716.

Precious one - it is not $12,000.00 a year - it is $7,716.00

a year - and yes, it is poverty. As someone on SSI - there

is one answer alone I can give you, as someone on SSI.



Jesus Christ our Lord.



Peace. --De

2007-12-25 02:43:34 · answer #1 · answered by deacon 6 · 4 0

Yes people that ha ve just SSI are living in poverty. My grandmother has been living this way for 15 years(shes 78) and it has been really hard for her to get by. She never has extra money to do anything and it makes her life hard. The best thing you can do it start saving young(in your 20s) and get your money so it's working for you. SSI isn't mean to be for retirement it's there to help people get back on there feet or to barely help you survive. They don't want to give you enough to live comfortably otherwise no one would save for retirement and everyone would live off the system.

2007-12-26 02:21:07 · answer #2 · answered by jt6341 3 · 0 0

My uncle is on SSI because of a severe anxiety disorder that makes it impossible for him to deal with social situations. (Including Employment) When it comes down to it he is able to live with the absolute basics. He can have a roof over his head, and food to eat. Every once in a while he can buy clothes, but that's all. It's a matter of budgeting and understanding the difference between want and need.

I would like to say that his time on SSI is hopefully going to be limited. He is working with a cognitive therapist and a physiologist with the hopes of eventually being able to move forward and out of the system.

What the system allows him is the time he needs to try and deal with his disorder so that he can become an active and positive member of his community again.

2007-12-25 02:32:02 · answer #3 · answered by wolfwoods01girl 4 · 3 0

Yes people on SSI are living in poverty

and so are Most who recieve SS itself.

they cant buy food , meds , and pay bills all at one time
they have to do one or two and leave out the other

Its sad where a society which worked most all thier live , after they cant work any longer , not have enough to live on when they retire and or become disabled !! Its a Shame , most all of them Worked hard and waited for a day to ""take it easy " then learn that when they did..." IT wasnt and isnt so easy " its more stressful then actually working a job !!

And to those on SSI there are many who need it , but all to often it is full of them who simply just wont work , and use things as an excuse to obtain it..........SSI is a Needs program..basically a glorified Welfare..........without the title of such..........But is a good program if used correctly........
STILL SAD THO , that so many on it and on SS and or some retirement programs have been scammed and mislead and are Now suffering the consequences of never having enough and just squeeking by...month to month.....and some cant even do that........

Strange from one of the Riches nations in the world , Give millions upon millions to foriegn goverments...yet thier own people Suffer worse then some 3rd world countries do...Yet you dont see much of that on the Bias Media.........its not news worthy......but in other countries to show thier frailness its all over the TV screen..........showing how the US is doing so bad in thier countries....when will they Show the World that the U. S. is in just a bad of shape...if they will just look and report it !!!!!!!!!

2007-12-25 03:25:38 · answer #4 · answered by hghostinme 6 · 2 1

SSI is not social security. It is supplemental income for people of any age if they fit proper profile: low or no income, usually are on food stamps and are on medicaid. They can only have certain assets, car (value somewhere around $3,000) house, and a small bank account(can't exceed $2,000 I think). Can not own a boat, RV, etc. Social security is only available to people over 62, disabled, dependents of someone who has died, etc.
But, yes, anyone on SSI is living below poverty level. Some people manage to manipulate the system by transferring all of their assets to their adult kids. Shameful, but all government programs tend to have some loopholes in them.

2007-12-25 02:53:21 · answer #5 · answered by hungry man 2 · 3 0

i am one of those living on ssi and a little social security check, i make 750 a month even with section 8 housing and food stamps life is hard just utilites alone is 240 a month can pay bills rent and due to low food stamp allotment have to use some money to buy food, i also own my own car so no payments there but if i have any emergency such as car breaking down its always a choice between food and car. And no help from anyone anywhere when things go wrong. I am bi-polar with major anxiety attacks which makes it impossible to work and right now car is in bad shape, shop out of the town i live in due to it being cheaper so no car means even less money to live on. so my mental illness skyrockets due to the stress of just trying to survive. and yes i used to work but due to the way social security works i lost what they call blocks of employment history which meant a lower check, its no wonder people who live on my income become homeless. the cost of living is rising faster than what many disabled people can afford

2015-11-11 01:49:55 · answer #6 · answered by sekhet29 2 · 0 0

I've done it as a teacher! Many people do it because they have to...what choice is there?

If you find it difficult to imagine living on $12K per year, I hope you have used your good salary to help fund food banks, The Salvation Army, etc., etc. Even when I was making little, I knew there were others with much less and never forgot them.

2007-12-25 04:40:56 · answer #7 · answered by MadforMAC 7 · 1 0

SSI should be a supplement to your retirement savings. One should never put their well being in the responsibility of the government.

2007-12-25 02:24:34 · answer #8 · answered by Anonymous · 3 0

Social Security was not meant to be an all inclusive retirement plan. Originally it was there just to keep the wolf from the door.

$12K/yr may be a little low.... Most seniors own there own house, so no mortgage. SS is typically not taxable, so no taxes.

The media makes seniors out to be poor....they've had all their lives to save. They make money off of their money.

Of course, there are those who didn't save there money and relied on SS as there retirement. They are the ones living on $12k...

2007-12-25 02:28:19 · answer #9 · answered by beckoningsubstitutes 5 · 2 2

Frugally.

2007-12-25 02:23:46 · answer #10 · answered by Anonymous · 2 1

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