That 88 year old man worked for general motors and then they stopped giving him his pension. His wife was sick. They had to sell the house. 88, working 5 days a week. Luckily he could help him.It really is sad, but I wonder how well people prepare and for the future and make appropriate plans? In the US we really do need to TAKE CARE OF OUR OWN PEOPLE, FIRST!!
I worry about this, too, as a renter. I work hard and make an OK income, but overall my financial situation is not great.I feel for her.....I have a constant worry about this very thing...
I am in a small rental home, dunno what I'd do...
I can't speak for the reasons for eviction in the USA.of course.. but I can say that not so long ago I mentioned on here about how I;d heard people lose their homes because they've been presented with a big medical bill.and I was told in no uncertain terms by a female member ''that almost never happens'.. that i shouldn't believe the media.... etc...Seniors have been the fast-growing group at the poverty level for a number of years now, and I expect it to get worse with the shredding of our already flimsy national safety net of social services.
I remember how the stories of elderly having to eat dog food because it was all they could afford, as one of the arguments for establishing Medicare. Bankruptcies caused by medical expenses had become common, and dropped substantially after Medicare was started. Sadly, the trend has been going upwards for some years now, and will probably only increase.
Question :...how do you get your pension taken from you ?
well, you can always come and stay at my house if the worst happens ..you too @hawkdon ..never think you would have nowhere to live...I worry about this, too, as a renter. I work hard and make an OK income, but overally my financial situation is not great.
I don't understand it either. His wife was sick. General Motors got problems, didn't pay pensions anymore and because of that they got no healthcare when she was sick.Question :...how do you get your pension taken from you ?![]()
Don't believe everything you read on AI without verifiable source. Many statements from AI are just its hallucinations. I have said in another thread that, if AI is a real human being, this person would be in jail or be rejected by the society already. There is a case where a depressed teenager in San Francisco, committed suicide. During the process, chatgpt told this teenager not to tell the mother. This mothe filed a lawsuit against OpenAI.
There is Medicare for people above poverty line and Medicaid for people below poverty line. What's the problem?Seniors have been the fast-growing group at the poverty level for a number of years now, and I expect it to get worse with the shredding of our already flimsy national safety net of social services.
I remember how the stories of elderly having to eat dog food because it was all they could afford, as one of the arguments for establishing Medicare. Bankruptcies caused by medical expenses had become common, and dropped substantially after Medicare was started. Sadly, the trend has been going upwards for some years now, and will probably only increase.
Don't believe for a minute the government will take care of you.There is Medicare for people above poverty line and Medicaid for people below poverty line. What's the problem?
Depending on what you mean by "taking careā. No the government will not babysit you. But the programs are there for you to utilize them. And there are social workers and case managers to coordinate things for a fee, billable to you or to the goverment social service.Don't believe for a minute the government will take care of you.
I'm assuming that because GM declared bankruptcy they were allowed to take away pensions to remain solvent. If I recall, they were bailed out by the government during the Great Recession in 2008. Pensions have very different rules in the US vs. the UK. Sad state of affairs.Question :...how do you get your pension taken from you ?![]()