Reply to Working well into your 70s because you can’t afford to retire.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I sold a house for a woman who worked in a hospital laundry for 30 years and her pension was $18 a month, and her social security was $400 a month.  She was in her 80s and had a reverse mortgage to pay for her living costs.  She was able to pay off the reverse mortgage when her house sold and we got her into a county subsidized apartment.  She had about $30,000 left from the sale of the house and $418 a month to live on.  [/quote]

Did she not work the first 20 or 30 years of her adult life?[/quote]

Wondering the same thing.  I mean, my dad had very low-paying, blue collar type jobs for all of his life and his SS is much, much more than $400.  He even had several periods where he worked cash only jobs where nothing was reported or contributed.

Now, my brother, who is in the restaurant industry where most of his income is cash, would get around $500/month according to his first SS statement he got recently.  Me explaining the importance of that to him was pretty eye-opening to find a better job.  [/quote]

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