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Money and Finances
Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous]DH is from a small town in PA. All of his relatives live off of Medicare and SS. Their houses are paid off by the time they retire, but they were like 50k. None of them have any issue living within what they get from SS. It's not a great life, but they still can afford to eat out and a trip every once in a while. In small towns I think SS goes pretty far. DH's grandma needed a nursing home for her last 3 months and medicaid paid for it. It wasn't "nice" and did have 3 to a room, but she wasn't left out in the cold. Frankly I think that's how medicaid should be. No frills, but you still get care. [/quote] My parents live in CA on a fixed income. They are able to eat out a few times per month, but don't travel (not mobile enough). Their house is paid off, and the assessed property value is set at purchase price (which was super low), thanks to prop 13, so their property tax is low. They pay no income tax (too low). They don't buy much stuff anymore. So really, they just need enough to survive, which they can do on their fixed income. I do help them a bit, though, but not a huge amount.[/quote]
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