No. of Recommendations: 1
"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. "

---- 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.

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