My last post I wrote how Fixed income would now be subject to reduction. But I didn't touch on the rise in medical cost (now Mandatory) Inflation and the general increases in what is spent to be able to function as we age. At present S.S.says inflation was 1.6 present . Ahh how much has insurance gone up?8% 12% power gas phone water sewer ? If the government can cap increases in pay at 1.6% for S.S. and lie that that keeps up with inflation shouldn't it make it illegal for company's that provide senior services to go up more ?
Now just for fun lets look at a person receiving the S.S.age62 minimum check.
Standard utility allowance for 1 is 355$ a month per household.
Food cost per USDA for 1 is 189$ a month
Medicaid part B is 104$ per month.
The total for these 3 things is 648$ out of 726$ now that leaves the staggering sum of 78$ for rent, car, gasoline, cloths, phone and medicine .
Of the above expenses lets say a person only spends 240$ on utility's. They may be able to eat for 120$ a month. You can forget having part B coverage that leaves you with 366$ for rent and other stuff. GOLDEN YEARS MY ASS.
The 726$ mark is not arbitrary it is well thought out by the government. It puts you above income for food stamps, most public housing, utility assistance, and a lot of other services.