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Old 08-20-2017, 05:29 PM
 
Location: Grove City, Ohio
10,142 posts, read 12,407,945 times
Reputation: 13992

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Quote:
Originally Posted by Vision67 View Post
When my mother ran out of money during retirement we kids bought a small house and let her live there for free. We also supplemented her small SS check each month so she had enough to live on comfortably.

She helped us out by babysitting our kids. Families are like that. We help each other.

Charity begins at home.
This is what you do.
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Old 08-20-2017, 05:35 PM
 
Location: Tampa, FL
27,798 posts, read 26,255,180 times
Reputation: 14611
Quote:
Originally Posted by seaduced View Post
I read a new trend is seniors moving in together
Hey, just like I did in college when I couldn't afford full rent....nothing wrong w/ that.
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Old 08-20-2017, 06:53 PM
 
Location: Kennett Square, PA
1,699 posts, read 2,611,277 times
Reputation: 2594
Quote:
Originally Posted by Travelassie View Post
Yes. My mother. She still brings in around $1400/month in SS, spends much of that in monthly payments to the ALF she lives in (her choice), and my husband and I pick up the rest of her expenses, needs, wants.
What's an "ALF?"
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Old 08-20-2017, 10:06 PM
 
Location: Wasilla, AK
7,308 posts, read 4,176,211 times
Reputation: 15904
Quote:
Originally Posted by soulsurv View Post
What's an "ALF?"
I'm going to go out on a limb and guess...Assisted Living Facility.
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Old 08-22-2017, 02:02 PM
 
12,825 posts, read 20,170,095 times
Reputation: 10910
I'll repeat my dream on this topic.

In the dream, I am at least 20 years older than I am now, perhaps up to 25 or 30 older.

I look around me, and it is crowded with many people, like being back in high school.

Everyone around me is old.

I am aware of the overall setting. It looks like a vast group of military barracks.

All of a sudden, the crowd moves / is seemingly herded, in a direction. Ahead appears a vast pool, with a ramp leading into it on one side and another leading out of it on the other side. I notice we are all naked.

Soon, hundreds if not thousands of old people, including me, are wading through this vast pool. Overhead, a heavy mist showers down on us from a series of shower heads. There is a very heavy smell of chlorine and anti bacterial soap. This is mass bathing.

I awaken from the dream with a feeling of darkness.

I believe this dream was not far fetched. The overall resource level to accommodate the grey tsunami, precisely during a time of deliveraging and deindustrialization, with jobs and incomes being automated out of existence and birth rates in a permanent ice age, will not support what is to be.

A twist may be, instead of a large camp or base, the setting will become the shells of shopping malls made irrelevant by the retail apocalypse.
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Old 08-22-2017, 02:24 PM
 
33,046 posts, read 22,104,537 times
Reputation: 8970
Quote:
Originally Posted by Escort Rider View Post
This is nothing new and this is no mystery. First, very few people completely run out of money because they have their Social Security, so the issue becomes how they survive on less money than ther're used to. They do that by cutting back and by being creative.

But let me run with the premise of your original post: What will happen to the small subset of the retired population that runs out of money is that .....

1. People who have adult children willing and able to help will avail themselves of that help.
2. They will live in subsidized housing.
3. They will get food stamps.
4. They will go to food pantries for the poor and get free food.
5. They will utilize free senior rides for transportation in locations that provide them.
6. They will find other aspects of the wide variety of safety nets that are not familiar to me or that I have forgotten reading about. The ubiquity of these safety nets is truly amazing.

Sure, #1 and #5 are not available to everybody.
But still, it's not like normal people have to live under bridges in our society. Those who do that are either mentally ill or are addicts of one stripe or another.

Edited to add: Just saw the post immediately above by NY Steve. That's it in a nutshell. I just used a lot more words.

#2 is in short supply, with long waiting lists. Many will not be able to get subsidized housing.
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Old 08-22-2017, 03:56 PM
 
29,825 posts, read 34,912,438 times
Reputation: 11747
Quote:
Originally Posted by freemkt View Post
#2 is in short supply, with long waiting lists. Many will not be able to get subsidized housing.
So what is your plan?
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Old 08-22-2017, 03:58 PM
 
71,889 posts, read 71,942,576 times
Reputation: 49421
plan ? what is that ?

the freemkt plan is gov't does away with building standards , zoning requirements and plops a home in his lap so he does not have to change a thing on his end ..
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Old 08-22-2017, 04:04 PM
 
29,825 posts, read 34,912,438 times
Reputation: 11747
Quote:
Originally Posted by mathjak107 View Post
plan ? what is that ?

the freemkt plan is gov't does away with building standards , zoning requirements and plops a home in his lap so he does not have to change a thing on his end ..
I was being serious and not critical. I recently read a great article based on rural/mid America poverty. It made me think of Freemkt and some of the points he often is trying to make. It gave me great insight into the problems folks in his situation are facing when it comes to trying to improve their lives. Jobs have dried up and relocation is difficult if not impossible to a large degree because of their inability to find housing they can afford.

They are in subsidized housing and moving means going on a waiting list for affordable housing in their desired location. Even renting becomes close to impossible because of credit, lack of banking etc. Also if on Medicaid they may not qualify in their new location etc etc etc. They can truly be locked in.
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Old 08-22-2017, 04:08 PM
 
71,889 posts, read 71,942,576 times
Reputation: 49421
he blew it decades ago . he unfortunately committed his own financial suicide because of lack of action back then . then it just manifested in to excuse after excuse as to why not .

as they say " if you think you can't-you never will "

he is now living the ramifications of a life time of poor choices and bad decisions . his problems now are the result of , not the cause of .
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