Living one away from financial crises- one away campaign Throughout this video, it gave me a different perspective on SSI. My parents are both disabled and so they are living on SSI. SSI is their main support now because they didn’t calculate that they will retire so early. Bettye whom is 98 years old didn’t retire till she was 89. She would’ve kept working because the money barely supports her. She lives off $1054 a year and she has to use 1004.76 on rent. She only has a few dollars left for the entire month. Another surprise is that even if they begin to increase your SSI, they will begin to decrease their food stamps.
Retirement plans: Last week tonight with John Oliver This video also surprised me on the expectation of beginning to save …show more content…
From the tax, social security only takes 5%. This means that it does not take a large portion of our tax income. I do have to disagree with the fact that the video says individuals are willing to pay for the healthcare of the elderly. I would have to disagree because if the people cared about the elderly people retirement, then why are they struggling whiling living on it at most a 100$ a month because rent and insurance takes it majority. I know social security provides for the elderly and children, but it doesn’t let them enjoy their life. I know a woman whom is living off her social security. First off, she only receives 900. 500 goes to her rent, 100 she needs for her phone to keep in contact with her family. So, she has 300 to last for a month. Well she doesn’t drive and she can’t travel far and because of this she shops at local groceries. This is an issue because their prices are higher than the average. She also has personal hygiene to worry about to. The time I known her, she hasn’t spent a dollar to eat healthy because a pack of potatoes that usually cost $2.50, in her location it’s about $5. This video stated some facts but I must disagree with some of them because they are facts. More of …show more content…
This is a shock because this means, many of the baby boomers will rely on social security. Another shocking information is that more Americans are filing bankruptcy than graduating college. This shows that money is a big factor on living expenses. One important info in this video is they want individual to distinguish need and want. This is important to me because without it, I will probably not have enough for retirement. I would want my retirement filled with my want and so I shall live in the need
Retirement plans: Last week tonight with John Oliver This video also surprised me on the expectation of beginning to save …show more content…
From the tax, social security only takes 5%. This means that it does not take a large portion of our tax income. I do have to disagree with the fact that the video says individuals are willing to pay for the healthcare of the elderly. I would have to disagree because if the people cared about the elderly people retirement, then why are they struggling whiling living on it at most a 100$ a month because rent and insurance takes it majority. I know social security provides for the elderly and children, but it doesn’t let them enjoy their life. I know a woman whom is living off her social security. First off, she only receives 900. 500 goes to her rent, 100 she needs for her phone to keep in contact with her family. So, she has 300 to last for a month. Well she doesn’t drive and she can’t travel far and because of this she shops at local groceries. This is an issue because their prices are higher than the average. She also has personal hygiene to worry about to. The time I known her, she hasn’t spent a dollar to eat healthy because a pack of potatoes that usually cost $2.50, in her location it’s about $5. This video stated some facts but I must disagree with some of them because they are facts. More of …show more content…
This is a shock because this means, many of the baby boomers will rely on social security. Another shocking information is that more Americans are filing bankruptcy than graduating college. This shows that money is a big factor on living expenses. One important info in this video is they want individual to distinguish need and want. This is important to me because without it, I will probably not have enough for retirement. I would want my retirement filled with my want and so I shall live in the need