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Money and Finances
Reply to "What happens to people who saved nothing for retirement?"
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[quote=Anonymous][quote=Anonymous]I live next to an apartment complex full of seniors and most of them are foreigners. I’ve made a friend there and according to her they all live very frugally, their housing is 30% of their SSI, they get free groceries and meals delivered, and they save and leave cash to their kids. I think some of the income is their home care support hours where they get kickbacks from whoever acts as their caretaker (sometimes it’s their kids). I also think their kids help them out a bit. [/quote] Yep, that's how my father lived (minus the kickbacks, although I know exactly what you are talking about). But living that way requires a certain level of resourcefulness which for most native born Americans would mean they'd have $$$ saved. [/quote]
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