The Motley Fool Discussion Boards
Retirement Discussions / Retire Early CampFIRE
|Subject: Re: The Scary thing in the background||Date: 1/6/2013 9:52 AM|
|Author: telegraph||Number: 664605 of 775767|
"They'll get $1500 a month in Social Security let's say. Tax that, they're left with $1250?
Rent, lights, phone, water, food?
I just forsee a generation that is totally and utterly screwed, and a visible poverty the likes that America hasn't seen before. "
Heh......it looks like a lot of folks will retire to mobile homes.....or should I say manufactured housing? Also known as 'trailers' in some parts of the country.
Heck, you can buy yourself a 10-20 year old one, pay about $150 a month for a site, maybe pay $150 a month to pay off the loan on the old trailer.......and utilities are a hundred or so. Eat at home. Get a room mate....... get an ObamaPhone..... pay your Medicare premium and still have $300 or more a month after food and expenses.
Lots manage on that. Heck, a minimum wage worker lives on that now.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|