Destruction of Retirees | Housing,Taxes, Insurance, Medical Care and Supplementing Expenses of 'Adult' Children

Title: Have Your Property Taxes and Insurance Ballooned? You’re Not Alone. Here’s Why These Costs Can Exceed Mortgage Payments For Many

Article Snip: "...Variable costs like property taxes and homeowner’s insurance premiums comprise 35% of the average monthly mortgage payment. ...Property taxes and homeowner’s insurance premiums continue to take a big chunk out of homeowners’ monthly mortgage payments. To offset these costs, homeowners are implementing various solutions, including downsizing, relocating, cutting back on expenses, and deferring large purchases. These efforts could help make homeownership more affordable for many homeowners."

Reference: www.investopedia.com
Destruction of Baby Boomers,Destruction of Retirees,

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Baby boomer homeowners fear losing their properties as they spend down their savings

Title: Baby boomer homeowners fear losing their properties as they spend down their savings

Article Snip: "...Many baby boomers are struggling with rising home repair costs, insurance premiums, and property taxes while also facing a scarcity of affordable retirement housing options. And working all their lives isn't enough to prevent a growing number of older people from experiencing homelessness.

Rising rents and home prices, largely caused by a housing shortage and other cost-of-living spikes, are hitting older adults especially hard. Overall homelessness surged to its highest level on record..."

Reference: www.businessinsider.com
Destruction of Retirees,Baby Boomers Struggling in Retirement,cost-of-living,Biden/Democrat Inflation Silent Tax on Retirees,

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Here’s How Much Grocery Prices Have Increased for Retirees in Every State

Title: Here’s How Much Grocery Prices Have Increased for Retirees in Every State

Article Snip: "...GOBankingRates reviewed the 2013 and 2023 cost-of-living index for groceries to find the average national grocery expenditure cost for retired individuals. The Bureau of Labor Statistics CPI Inflation Calculator was then used...Alabama Grocery cost for 65+ in 2023 (using 2023 $): $7,830.20"

Reference: yahoo.com

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Social Security COLA 2025: Retirees Should Be Prepared for Bad News and More Bad News

Title: Social Security COLA 2025: Retirees Should Be Prepared for Bad News and More Bad News

Article Snip: "...The Bureau of Labor Statistics will release September's CPI-W information in early October, and the SSA is expected to announce the COLA based on that data later in the month. Until then, we won't know exactly what the adjustment will look like. However, some experts are already making predictions, based on inflation data so far this year. Analysts at advocacy group The Senior Citizens League, for example, estimated in mid-September that the 2025 COLA will be 2.5%...."

Reference: www.fool.com
Destruction of Retirees,

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The Democrat Years | Retirees' Social Security checks have lost significant buying power

Title: Retirees' Social Security checks have lost significant buying power since 2010, a new report says

Article Snip: "...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.

That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.

The spoiler: inflation.

...common senior household expenses such as car insurance, food, out-patient hospital care, and housing rose much more than that. “The reality is that COLAs have become less and less likely to match inflation over time,” Benton said. “In the 1990s and 2000s, 60% of COLAs beat inflation. In the 2010s, only 40% did. Through the 2020s so far, only one COLA out of five—the 8.7% increase in 2023— has done so.”"

Reference: yahoo.com
Biden/Democrat Inflation Silent Tax on Retirees, Inflation,

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Balancing a fixed income with inflation, a Georgia retiree feels stuck

Title: Balancing a fixed income with inflation, a Georgia retiree feels stuck

Article Snip: "... Retired and taking care of her husband, Breland has seen rising prices for everything from groceries and utilities to insurance and home maintenance eat into her fixed income. She has also seen her friends struggle with inflation, as well, through the church she volunteers at. ... increasing financial pressure and has been looking to cut her monthly expenses in the face of rising prices for groceries, utilities, insurance and home maintenance. “All the money I will ever have come in is what I have now,” she said."

Reference: www.nbcnews.com
Inflation

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Bankrupting Social Security Retirees | This Is the Average Social Security Benefit for Age 62

Title: This Is the Average Social Security Benefit for Age 62

Article Snip: "...The average retired worker who collects Social Security receives a monthly benefit of $..."

Reference: www.fool.com
Average Social Security Benefit for Age 62

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I Used to Think It Was Possible to Retire on Social Security Alone. Here's Why That's Definitely No Longer My Plan.

Title: I Used to Think It Was Possible to Retire on Social Security Alone. Here's Why That's Definitely No Longer My Plan.

Article Snip: "I can admit that there was a time when I thought it was possible for a person to retire comfortably on Social Security without any other source of funds. ...But relying on Social Security alone to cover your budget in retirement is a horribly bad mistake. And I'm grateful that I learned that years ago so I could switch gears on my long-term financial planning. My new game plan Even though I've only been writing about Social Security for about 10 years now..."

Reference: www.aol.com
Retire on Social Security, Destruction of Retirees,

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Biden’s Medicare Advantage Cuts May Come Back To Haunt Him

Title: Biden’s Medicare Advantage Cuts May Come Back To Haunt Him

Article Snip: "President Joe Biden’s move in April to cut Medicare Advantage benefits for seniors may come back to haunt him. ...The Biden administration in April finalized plans to cut MA benefits, which experts said could lead to an additional $33 a month for out-of-pocket costs, or $396 a year, for enrollees. Critics of the cuts said they would be especially devastating to seniors living on fixed incomes who are already coping with ongoing inflation issues. ..."

Reference: dallasexpress.com
Biden Destroys Retirees, Medicare,

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The Numbers Don’t Lie: Americans’ Purchasing Power Is Down Under Biden

Title: The Numbers Don’t Lie: Americans’ Purchasing Power Is Down Under Biden

Article Snip: "...Since taking office in January 2021, the cumulative rate of inflation as measured by the Consumer Price Index, a figure calculated by the federal government’s Bureau of Labor Statistics (BLS), stands at 19.4 percent. On the other side of the equation, the increase in average weekly earnings, also calculated by BLS, stands at 14.1 percent. In other words, since Biden entered the Oval Office, real wages are down about 5 percent. Such is why the number one concern among Americans heading into election season is the high cost of living. According to Gallup, the vast majority of likely voters cite the “economy in general” and the “high cost of living/inflation” as the “most important problem facing the country today.”..."

Reference: townhall.com
Bidenomics | The Economic Destruction of America, Destruction of Retirees,

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What Risks Do Near Retirees and Retirees Face from Inflation

Title: What Risks Do Near Retirees and Retirees Face from Inflation

Article Snip: "...High inflation tends to harm older households, but the size of the impact varies due to three factors: the extent to which income and assets...retirees are hurt more than near retirees as, outside of Social Security, their income is less indexed to prices and they hold less debt. ..."

Reference: crr.bc.edu
Democrat Inflation Silent Tax on Retirees,Destruction of Retirees,Manipulation of CPI using CPI-W To Destroy Retirees,

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Social Security isn’t keeping up with inflation. That could weaken Biden’s support among some seniors

Title: Social Security isn’t keeping up with inflation. That could weaken Biden’s support among some seniors

Article Snip: "...cope with the runaway inflation of earlier this decade and the continued high prices for food, housing, utilities and other necessities.

That’s forcing more of them to spend their emergency savings, carry debt on credit cards or apply for assistance programs, according to The Senior Citizens League, a nonpartisan public education and advocacy group. ...senior citizens are often in a more difficult predicament because many live off fixed incomes. Many depend heavily on Social Security – some 42% of elderly women and 37% of elderly men rely on the monthly payments"

Reference: www.cnn.com
Biden Admins Silent Tax on Retirees, Why doe the Biden Admin Hate the American Retiree?, The Killing Off of Seniors Thru the Current Democrat Economic Attack on Americans While Showering Illegals with Money and Benefits,

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The Biden Years | The US may have tiptoed around a recession last year, but it won't be so lucky in 2024

Title:

Article Snip: "...careful look at the labor market now will suggest that hiring has just ground to a halt...The problem is that the Fed badly misread how long high inflation would linger...In December, the core inflation print notched an annual 3.2% increase. "They've never missed in that direction by that magnitude ..."

Reference: www.businessinsider.com
2024, The Biden Years,Inflation,Recession 2024,Biden Legacy,Destruction of Seniors,Destruction of Retirees,

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The Income Gap Jeopardizing Retirement for Millions

Title: The Income Gap Jeopardizing Retirement for Millions

Article Snip: "...the inequities between the very bottom and the top of income distribution,” said Jack Chapel, the lead author of the study, an economist and doctoral candidate... “We wanted to look at the middle class, where people are struggling.”

Drawing on data from the national Health and Retirement Study between 1994 and 2018, the researchers found “a bifurcation” among Americans in their mid-50s, he said.

In effect, they now divide into two middle classes: the ..."

Reference: www.nytimes.com
Destruction of the Working Class,Destruction of Retirees,Destruction of Social Security,

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For Three Years Biden Has Forgotten Social Security Retirees While Favoring Illegals

Title: Biden's 2020 Promised Lies for Social Security That Never Happened

Article Snip: "He would expand some benefits while not reducing any, reducing economic hardship. ...Biden would raise benefits for long-term low-wage workers, widow(er)s from dual earner-couples, caregivers, government workers, and long-term beneficiaries. My colleagues and I have long argued for increasing Social Security benefits for people..."

Reference: www.taxpolicycenter.org
Social Security, Biden's Lies,Biden Legacy,Destruction of Retirees,

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How About Social Security Recipients Joe? Biden Backed UAW Workers 25% Pay Increases While Veterans and Social Security Recipients Struggle to Survive

Article Title: Biden speaks with UAW head after tentative deals struck with Big Three

Article Excerpt: "Biden, who had appeared with striking autoworkers in Michigan in September, called it a “hard-fought agreement” that was reached after weeks of “good faith” negotiations. ...members, would include a 25 percent general pay increase over the course of a four-year contract, increased retirement benefits and more paid leave. ..."

Reference Source: www.valleycentral.com

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Send Joe Biden into retirement

Title: Biden is pursuing the most anti-business economic policies since FDR

Article Snip: " The economy was reeling at a 6.5% annual growth rate. That was given to him on a silver platter by Donald Trump. Today, the economy is actually reeling at a 1% growth rate. Boss Biden gets another Bottomless Pinocchio. How about "unleash prosperity"? Now, that would be my kind of slogan or, how about, "a rising tide lifts all boats"? Trouble with Joe Biden is he's a stick-in-the-mud class warrior. Middle, lower, upper… diversity, equity, inclusion, woke… it's all left-wing gibberish. Biden says his "middle-out, bottom-up, whatever-that-means" is "working." Sure it is, Joe... A couple of new polls out today. YouGov just said 29% of voters approve of his inflation policy, while 61% disapprove. Overall, a recent AP/NORC (University of Chicago) poll says 34% of voters approve of Biden's economic policy — 34%. So, we have a disconnect here between rhetoric and the reality. Or, in terms of "middle-out, bottom-up," real hourly earnings, a.k.a. middle class wages, are falling 3% at an annual rate. Or, real average weekly earnings are dropping at a 5% annual rate. Or, for the bottom quartile of income earners, which is $38,000 a year or less, they've declined by 2.3% under Joe Bidenomics. "

Reference: www.foxbusiness.com
Bidenomics, Biden Economy Fail,Destruction of Retirees,

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The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Title: The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Article Snip: "“A major storm impacting the Gulf Coast and nearby refineries will likely lead to a spike in gas prices for a few weeks,” AAA spokesperson Andrew Gross told CNBC. Such circumstances could affect the 2024 COLA. “The COLA estimate will go up if the price of gasoline jumps considerably,” Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League (TSCL), told the news outlet. “The COLA estimate might go down if gas and oil prices drop.”..."

Reference: yahoo.com
WTI vs. CPI vs. COLA, Bidenomics,Inflation 2023,Destruction of Retirees,

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Bidenomics | U.S. Mortgage Rates Jump to Highest Level Since 2002

Title: Bidenomics | U.S. Mortgage Rates Jump to Highest Level Since 2002

Article Snip: "The average 30-year fixed-rate mortgage has climbed above 7 percent, making it harder for buyers to afford homes, which are already in short supply. ...mortgage rates began abruptly rising last year, when the Federal Reserve started lifting interest rates to rein in rapid inflation, the housing market has stagnated, as owners with low mortgage rates have been unwilling to put their homes up for sale. In June, sales of existing homes fell nearly 19 percent from the year before, according to the National Association of Realtors. ..."

Reference: www.nytimes.com

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‘This is not the retirement I envisioned.’ How retirees are getting hit by inflation

Title: ‘This is not the retirement I envisioned.’ How retirees are getting hit by inflation

Article Snip: "One common refrain was the shock of dealing with the huge jump in food prices – especially on meat, fruits and vegetables. Food prices have seen their largest annual increase in 41 years. And the cost of groceries jumped 10.8% between April 2021 and April 2022. But of course, inflation’s reach goes far beyond the supermarket. Here’s how these retirees say they are coping...her rent will be increased by $200 a month – a 14% jump...Her expectations for retirement were very different than her present reality. “I didn’t expect the level of stress financially. I truly didn’t. I worked for 50 years. ...electricity and natural gas commonly used for heating and cooling homes, was up 30.3% year-over-year. Plans to buy a new car are also tabled. “The starting price for a new Jeep is $15,000 more than my house cost..."

Reference: www.cnn.com
Inflation 2023, Retirees vs Inflation,Destruction of Retirees,