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Post by abbey1227 on Jul 28, 2022 12:42:07 GMT
MoneyWatch
"True cost of aging" index shows many U.S. seniors can't afford basic necessitiesmoneywatch By Judith Graham July 27, 2022 / 4:46 PM / Kaiser Health News Fran Seeley, 81, doesn't see herself as living on the edge of a financial crisis. But she's uncomfortably close. Each month, Seeley, a retired teacher, gets $925 from Social Security and a $287 disbursement from an individual retirement account. To make ends meet, she's taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly. So far, Seeley has been able to live on this income — about $19,300 a year — by carefully monitoring her spending and drawing on limited savings. But should her excellent health worsen or she need assistance at home, Seeley doesn't know how she'd pay for those expenses. More than half of older women living alone — 54% — are in a similarly precarious financial situation: either poor according to federal poverty standards or with incomes too low to pay for essential expenses. For single men, the share is lower but still surprising — 45%. That's according to a valuable but little-known measure of the cost of living for older adults: the Elder Index, developed by researchers at the Gerontology Institute at the University of Massachusetts-Boston. A new coalition, the Equity in Aging Collaborative, is planning to use the index to influence policies that affect older adults, such as property tax relief and expanded eligibility for programs that assist with medical expenses. Twenty-five prominent aging organizations are members of the collaborative. The goal is to fuel a robust dialogue about "the true cost of aging in America," which remains unappreciated, said Ramsey Alwin, president and chief executive of the National Council on Aging, an organizer of the coalition.
Meanwhile, places like California are spending $500,000 per person to house the homeless junkies? I'm sure that's being Federally funded, as well
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Post by Prometheus on Jul 29, 2022 0:39:38 GMT
MoneyWatch
"True cost of aging" index shows many U.S. seniors can't afford basic necessitiesmoneywatch By Judith Graham July 27, 2022 / 4:46 PM / Kaiser Health News Fran Seeley, 81, doesn't see herself as living on the edge of a financial crisis. But she's uncomfortably close. Each month, Seeley, a retired teacher, gets $925 from Social Security and a $287 disbursement from an individual retirement account. To make ends meet, she's taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly. So far, Seeley has been able to live on this income — about $19,300 a year — by carefully monitoring her spending and drawing on limited savings. But should her excellent health worsen or she need assistance at home, Seeley doesn't know how she'd pay for those expenses. More than half of older women living alone — 54% — are in a similarly precarious financial situation: either poor according to federal poverty standards or with incomes too low to pay for essential expenses. For single men, the share is lower but still surprising — 45%. That's according to a valuable but little-known measure of the cost of living for older adults: the Elder Index, developed by researchers at the Gerontology Institute at the University of Massachusetts-Boston. A new coalition, the Equity in Aging Collaborative, is planning to use the index to influence policies that affect older adults, such as property tax relief and expanded eligibility for programs that assist with medical expenses. Twenty-five prominent aging organizations are members of the collaborative. The goal is to fuel a robust dialogue about "the true cost of aging in America," which remains unappreciated, said Ramsey Alwin, president and chief executive of the National Council on Aging, an organizer of the coalition.
Meanwhile, places like California are spending $500,000 per person to house the homeless junkies? I'm sure that's being Federally funded, as well
But you love it when corporations inflate prices to expand their margins.... |
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Post by abbey1227 on Jul 29, 2022 1:58:45 GMT
MoneyWatch
"True cost of aging" index shows many U.S. seniors can't afford basic necessitiesmoneywatch By Judith Graham July 27, 2022 / 4:46 PM / Kaiser Health News Fran Seeley, 81, doesn't see herself as living on the edge of a financial crisis. But she's uncomfortably close. Each month, Seeley, a retired teacher, gets $925 from Social Security and a $287 disbursement from an individual retirement account. To make ends meet, she's taken out a reverse mortgage on her Portland, Maine, home that yields $400 monthly. So far, Seeley has been able to live on this income — about $19,300 a year — by carefully monitoring her spending and drawing on limited savings. But should her excellent health worsen or she need assistance at home, Seeley doesn't know how she'd pay for those expenses. More than half of older women living alone — 54% — are in a similarly precarious financial situation: either poor according to federal poverty standards or with incomes too low to pay for essential expenses. For single men, the share is lower but still surprising — 45%. That's according to a valuable but little-known measure of the cost of living for older adults: the Elder Index, developed by researchers at the Gerontology Institute at the University of Massachusetts-Boston. A new coalition, the Equity in Aging Collaborative, is planning to use the index to influence policies that affect older adults, such as property tax relief and expanded eligibility for programs that assist with medical expenses. Twenty-five prominent aging organizations are members of the collaborative. The goal is to fuel a robust dialogue about "the true cost of aging in America," which remains unappreciated, said Ramsey Alwin, president and chief executive of the National Council on Aging, an organizer of the coalition.
Meanwhile, places like California are spending $500,000 per person to house the homeless junkies? I'm sure that's being Federally funded, as well
But you love it when corporations inflate prices to expand their margins....
I love it even more when the Govt expands it's size and 'margins'. ![[rolleye1]](//storage.proboards.com/7182076/images/MTjbungPBOzv0BKQvdPJ.gif) |
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Post by Prometheus on Jul 29, 2022 13:14:28 GMT
But you love it when corporations inflate prices to expand their margins....
I love it even more when the Govt expands it's size and 'margins'. Because they have to pay the corrupt contractors with taxpayer money. |
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Post by abbey1227 on Jul 30, 2022 12:30:32 GMT
I love it even more when the Govt expands it's size and 'margins'. Because they have to pay the corrupt contractors with taxpayer money.
Do they?
They could skip out on the bills.
They could demand lower prices or else.
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Post by Prometheus on Jul 30, 2022 22:27:48 GMT
Because they have to pay the corrupt contractors with taxpayer money.
Do they?
They could skip out on the bills.
They could demand lower prices or else.
Haven't you ever noticed that the price increases come AFTER the contract has been signed.... |
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Post by abbey1227 on Jul 31, 2022 13:03:43 GMT
Do they?
They could skip out on the bills.
They could demand lower prices or else.
Haven't you ever noticed that the price increases come AFTER the contract has been signed....
Where is that acceptable to the degree it goes on with Govt? Especially horrible when costs balloon out of control.....and then the project doesn't even get finished.
If you contract to have a home built, maybe 10% over is about the standard increase max.
But other transactions all across the board? Yikes
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Post by Prometheus on Jul 31, 2022 21:54:21 GMT
Haven't you ever noticed that the price increases come AFTER the contract has been signed....
Where is that acceptable to the degree it goes on with Govt? Especially horrible when costs balloon out of control.....and then the project doesn't even get finished.
If you contract to have a home built, maybe 10% over is about the standard increase max.
But other transactions all across the board? Yikes
Yup. Once the contractor has ink on the contract, he starts jacking up those bills, not government. |
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![[rolleye1]](http://storage.proboards.com/7182076/images/MTjbungPBOzv0BKQvdPJ.gif)
![[cheers]](http://storage.proboards.com/7182076/images/engyBVslEdpmpmdnBwZQ.gif)
