The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early CampFIRE

URL:  http://boards.fool.com/quottheyll-get-1500-a-month-in-social-security-30469310.aspx

Subject:  Re: The Scary thing in the background Date:  1/6/2013  9:52 AM
Author:  telegraph Number:  664605 of 756693

"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.



t.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us