Can’t always delay retirement or re-enter the workforce. May not have the choice. Health issues can crop up out of nowhere as the body ages, even if you took care of yourself all of your life.
She simply needs to rent a room in some lady's home. $2,400 a month for rent is ridiculous on her monthly budget. Get her rent to $800/mo., and she's good staying retired.
In a latin familia she would be part of a multi generational home using that income to help everyone else in the familly but USA cultural values have more value on being independent and focusing in the me or I and not on family unit..
The first problen she is living the regular working life.!!.$_2300, for rent for a non worker, 2. Marie calenders is not genetic frozen it's ,$3.50, each. ,3. Other bills? She has a car ass(mucho $_) grandkids (well that's a toughfie) she should sell house (is it hers,??,) & Car take public transportation. She should be fine then. But she has a hard stupid head. Sooo she won't. But she will work until she has stress stroke!!, Then u don't have to worry about $ lasting. Nursing gonna take it alllllllllllll!
When I hear retirees say they count on SS to make ends meet, I just 🤦♀. You need to save a lot for unexpected factors like healthcare costs and inflation. SS is just the base income. 😬
@@tranger4579 , My house was paid off before I turned 60. At the age of 45 I was going through a divorce that I did not want so we had to sell the family home and I had to purchase my own . I really cannot understand how people will retire when they still have a mortgage I worked with a guy who decided at 62 to quit working full-time and stay with the same employer (with no pension and never had a 401k and lived paycheck to paycheck) so he works just enough hours part-time to pay his bill's he then purchased a home and at 73 he cannot quit working because he has a mortgage he used to laugh at me and asked if I was trying to save my money for my kids when I die and I said no there are emergencies
@@erinpeacexo1854 , Yes my house is paid for I live in Central Illinois I have a small 738 square foot two-bedroom house with finished basement and garage I have a small car payment so house car insurance real estate taxes and the usual utilities I set aside $200 every month into savings part of that goes towards my real estate tax for years I have shopped at thrift stores and garage sales for clothing and a lot of household items I buy nothing but mark down meat at my grocery store and any other mark down food items. After my monthly bills are paid I have about $400 for gas and food while working ( quit 2 years ago this Month ) I contributed to a 401k and a Roth IRA and have a small savings that I currently do not have to spend my last vacation was Las Vegas in January of 2020 I'm not much into traveling so I don't have that expense. I'm able to live a life I enjoy people can live on less and be happy.
@@debbieframpton3857 my wife and I travel. We bought a 2008 Hyundai Santa 4 years ago for 1600 dollars. Car is in rough shape but has working AC and very economical. We have taken it on vacation through 4 states 3 years in a row. Still using it as a commuter.
Why is that your opinion when she would have had to take out endless lines of credit to maintain and properly care for a home. Everyone does not desire the life of a beggar who shows off.
I am shocked to see people over 70 who don't own their own homes. What were they working towards all their life? She is paying more than any 400k mortgage in rent. I don't feel pity for her, she needs her priorities re-evaluated.
Why is that your opinion when she would have had to take out endless lines of credit to maintain and properly care for a home. Everyone does not desire the life of a beggar who shows off.
You're gatdamned right she does. "Golden Girls" that living sitch, woman, and live retirement like a Queen!!!! You know it, I know it, and the American people know it!
Retirement is not a reality for those who did not get married. Most single people never typically retire and even if they do many become homeless. The Family has been destroyed and all are left to fend for themself as an individual
That is an idiotic personal opinion I retired at 35 I work because I want to not because I need to making hand made goods, I did it by leaving the USA to central america and most of friends also live outside the US in cheaper places to live and actually life in costa rica is 100 times better even with all the problems here.
I'm single and very comfortably retired, paid off house in April 2001. Am an RC helicopter pilot and have thousands invested in my four aircraft. Maybe I'm doing something wrong? I agree about the family being destroyed and many left to fend for themselves.
Let's address the elephant in the room. When it comes to groceries, she definitely has room to cut back. Unfortunately, that doesn't solve the main problem...the rent is too dayum high. I know Republicans don't want this but the government needs to provide more housing. All developers want to do is build more luxury condos when we need more affordable apartments for the aging, broke population. The free market is not going to solve this.
One more thing because a lot of people may not know this. She can purchase a home qualifying with retirement income only. She does not have to have a job. A lender will qualify her using her Awards Letters and 1099-R(s). But she will still need a down payment. However, she has savings for a down payment bc she said she's dipping into her savings $700-$800/month so her only hurdles appear to be having good credit scores and having the desire to move to an area with reasonably priced homed. She may have to relocate for that.
Depends on your retirement age and income while working. Right now SS tells me I get $1728 per month if I retire at 62 - and substantially more if I wait a few years to draw. Plus, geographic location has no impact on your SS benefit….
Social Security is not based on where you live ....it is based on how much you earned over your working career in which you participated in social security through wage deductions. I know I receive social security
People voted for Biden even though he said gas prices would explode and inflation would happen and then they wonder whats happening, get what u vote for
I usually reframe from commenting on videos but if she purchased a reasonably priced home she'd have much more disposable income. I know someone that purchased a New Construction 3 br/2ba home in a nice quiet area in Marion County FL (a few months ago) and their mortgage + property taxes & insurance is ONLY $880.00/ month. When she said the lady's RENT was $2,330.00 I thought, What?? It's her choice but why would she voluntarily fork over 80% of her hard earned retirement income to a landlord? Her landlord/property management company won't give 2 shits about increasing her rent causing her to be homeless. Come on people, we have to do our research and not be so willing to pigeon hole ourselves into bad situations. I know a lot of people watching this video won't have any sympathy for her because she "might not" be making wise financial decisions. But let's try to keep in mind that this was a 3 minute video and we may not have and/or know the full picture.
My aunt immigrated from Mexico in her 20s became a citizen now 70 and lives in a run apartment complex in Odessa Texas. Her landlord has never raised the rent due to an agreement she signed with my aunt years ago being that my aunt would do all repairs and pay for all updates to her apartment. My aunt has worked in restaurant industry all her life and finally retired 3 years ago collecting social security. She is loaded with cash and is living great off her social security. I asked her how she did it and she said " I live like a Mexican". Sure enough she lives a humble life yet drives a new paid off ford explorer and has a 70 inch tv that she watches 3 chanels off her antenna on her paid off 5000 dollars worth sectional all paid off. Lives off sopa, tortillas, beans, rice, and traditional Mexican cuisine. She stated Americans don't know how to manage their money and are senseless when it comes to buying and that they are more than willing to spend money to gain instant gratification. She has no stock investment, 401k, dose not own a home. Lives off social security and Medicare and is in great health. I show her these videos and her reply is to tell them to stop whining and live without unnecessary garbage. In 2 years she is moving into government housing being she gave up all her savings to us family members and declared herself poor.
I'm 3rd generation mexican-I was living like a mexican and didn't even know it....what makes me mad is now u can't find anything good anymore, at thrift stores...
She looks good for 73yrs, though. One problem is, she is renting. If she owned her own home, it might relieve that $2300 dollar pressure. With a home, there are maintenance costs, yes, but you can take out a reverse mortgage, get a roommate. All of those options would have lessened her financial burden. I retired right before the pandemic started, own my home, and although prices have gone up, I can still afford the things that I feel make a retirement comfortable. I have no intention of going back to work, ever. I have had enough, period. Ms. B. Churchill
My dad kept telling us, (husband and i)to buy a hm, we finally did in 2009 when hm's were reasonable, in the next 4 months it will be paid off...so glad I listened to my dad... still 10yrs away frm retirement, but one less huge payment I have to worry about!!!
She would have had to take out endless lines of credit to maintain and properly care for a home. Everyone does not desire the life of a beggar who shows off.
@@johnnypham2850 Owning a home is not showing off, and I'm sorry you feel that way. Also, I have never had to take out endless lines of credit to maintain my home, I'm sorry if you have and/or if you know someone who had to do that. Ms. B. Churchill
I'm sorry her rent is too high she needed to buy a house or something way back when before this all happened.. she had a great job ..she could have had the house paid off by now why would you rent at this age unless you have to and, even if you have to..there must be something lower than $2300.. if you have a two bedroom place go down to a one bedroom you got to make adjustments..
I'm a retiree and the only thing I want to do is stay retired. Rather hold up liquor stores and risk a shootout with the cops or owner than go back to a job. Fortunately, I don't have these concerns. It called planning ahead and being proactive.
Who paid for Bruce Jenner's sex change operations? The U.S. government, that's who, due to her being an Olympic gold medal winner in the Decathlon. Now, her name is Caitlyn.
you people who are complaining about having to go back to work... haven't been paying attention! walmart, HEB and MANY corporations starting hiring retirees when sr. citizen RAYGUN became president! he didn't like the idea of a senior citizen golfing their afternoons away and drawing their HARD WORKED social security check that THEY earned after 50-60 years of work!!! you people obviously haven't been out...OR you didn't notice because you DON"T CARE!...cry me a river....
Based on my age range, I'm about 20 years from retirement, but I just can't see myself working all the way up to it. I was hoping to get out by 50 or 55. But the way things are going, I might have to keep working up to age 75. That's if I am lucky enough not to get sick or suffer some serious ailment or another pandemic wipes me out. What needs to happen is redistribution of wealth. First all, stop the investment firms from sucking up housing stock. Rent should not be no more than 320 dollars a month plus utilities. Your max groceries should not be no more than 100 a month. Transportation should not be not more than $20 a month. Some groups are hoarding up the money and putting the squeeze on regular working class folks and there is no reason for it. We have come a long from 200,000 years ago. We know how to efficiently grow crops, we know how to make medicine, we know how take care of ourselves. Society for ages now has believed in some form of classism where one group is better than the other. Biden is the President and he just seems to be in Grand pa mode making everything slide. Put your foot down and put a stop to this none sense.
This is what happens when you don't plan, don't get a good job, don't save money, don't pay off credit card debts, and just keep spending. The baby boomers have been the worst savers, the biggest spenders.
$2330 for rent?!!! At 70 years old!!! I’d move.
she is an idiot...she make a great living...move to a 1 bedroom
FYI - this girl lives in WAY too expensive of an area/apartment for her retirement income……😐
That's what I said.
She could live incredibly comfortably somewhere in the midwest on 2900 a month.
Can’t always delay retirement or re-enter the workforce. May not have the choice. Health issues can crop up out of nowhere as the body ages, even if you took care of yourself all of your life.
Before retirement purchasing a small home might have got her through...
Even a simple little 1 bedroom condo (apartment).
Exactly why didn’t she buy a house when she was working all of those years…. 🤷♂️🧐
You ain't just whistling Dixie there, Angie. You know of what you speak, girrrrl!
Right should have bought a tiny house or atleast a small condo
She simply needs to rent a room in some lady's home. $2,400 a month for rent is ridiculous on her monthly budget. Get her rent to $800/mo., and she's good staying retired.
Simply?.... Get a clue 🙄
No she makes good money....move elsewhere in small 1 bedroom.....she is an idiot.....and she puts away a lot of food too
In a latin familia she would be part of a multi generational home using that income to help everyone else in the familly but USA cultural values have more value on being independent and focusing in the me or I and not on family unit..
The first problen she is living the regular working life.!!.$_2300, for rent for a non worker, 2. Marie calenders is not genetic frozen it's ,$3.50, each. ,3. Other bills? She has a car ass(mucho $_) grandkids (well that's a toughfie) she should sell house (is it hers,??,) & Car take public transportation. She should be fine then. But she has a hard stupid head. Sooo she won't. But she will work until she has stress stroke!!, Then u don't have to worry about $ lasting. Nursing gonna take it alllllllllllll!
Don’t lump todo Los Latinos o Hispano into one group. Do not generalize. Not all latins think the same. Many cannot rely on family.
When I hear retirees say they count on SS to make ends meet, I just 🤦♀. You need to save a lot for unexpected factors like healthcare costs and inflation. SS is just the base income. 😬
I quit my full-time job 2 years ago with no pension I am able to live on my social security check of $1,119 I don't plan on going back to work
Why can't more be like you. I paid off my house at age 45. I can't fathom having a mortgage payment at 60 or during retirement.
@@tranger4579 ,
My house was paid off before I turned 60. At the age of 45 I was going through a divorce that I did not want so we had to sell the family home and I had to purchase my own . I really cannot understand how people will retire when they still have a mortgage I worked with a guy who decided at 62 to quit working full-time and stay with the same employer (with no pension and never had a 401k and lived paycheck to paycheck) so he works just enough hours part-time to pay his bill's he then purchased a home and at 73 he cannot quit working because he has a mortgage he used to laugh at me and asked if I was trying to save my money for my kids when I die and I said no there are emergencies
Where do you live? How can you survive on $1,119 per month? I'm guessing your house is paid off?
@@erinpeacexo1854 ,
Yes my house is paid for I live in Central Illinois I have a small 738 square foot two-bedroom house with finished basement and garage I have a small car payment so house car insurance real estate taxes and the usual utilities I set aside $200 every month into savings part of that goes towards my real estate tax for years I have shopped at thrift stores and garage sales for clothing and a lot of household items I buy nothing but mark down meat at my grocery store and any other mark down food items. After my monthly bills are paid I have about $400 for gas and food while working ( quit 2 years ago this Month ) I contributed to a 401k and a Roth IRA and have a small savings that I currently do not have to spend my last vacation was Las Vegas in January of 2020 I'm not much into traveling so I don't have that expense. I'm able to live a life I enjoy people can live on less and be happy.
@@debbieframpton3857 my wife and I travel. We bought a 2008 Hyundai Santa 4 years ago for 1600 dollars. Car is in rough shape but has working AC and very economical. We have taken it on vacation through 4 states 3 years in a row. Still using it as a commuter.
Apparently she didn't save as much as this video leads us to believe
Also they need to stop raising medicare premium.. that caused the hardship for these seniors.
Still a renter at age 73? That's why. And what's wrong with buying generic? Gotta get some financial literacy.
Why is that your opinion when she would have had to take out endless lines of credit to maintain and properly care for a home. Everyone does not desire the life of a beggar who shows off.
She said she saved for the last 20 years… she’s 73. So at 53 she starting saving ?!?
I am shocked to see people over 70 who don't own their own homes. What were they working towards all their life? She is paying more than any 400k mortgage in rent. I don't feel pity for her, she needs her priorities re-evaluated.
Why is that your opinion when she would have had to take out endless lines of credit to maintain and properly care for a home. Everyone does not desire the life of a beggar who shows off.
You're gatdamned right she does. "Golden Girls" that living sitch, woman, and live retirement like a Queen!!!! You know it, I know it, and the American people know it!
Basic financial literacy is a rare commodity in today’s “live for the moment” society…….😐
A lot of people are bad with money... less history and chemistry classes and phy-ed in school... more classes about money management and investment.
Yea it has nothing to do w 5$ a gallon gas and groceries quadrupling in prices, but hey thats what they voted for
Retirement is not a reality for those who did not get married. Most single people never typically retire and even if they do many become homeless. The Family has been destroyed and all are left to fend for themself as an individual
Source?
@@theoeguia3302 Life
That is an idiotic personal opinion I retired at 35 I work because I want to not because I need to making hand made goods, I did it by leaving the USA to central america and most of friends also live outside the US in cheaper places to live and actually life in costa rica is 100 times better even with all the problems here.
I'm single and very comfortably retired, paid off house in April 2001. Am an RC helicopter pilot and have thousands invested in my four aircraft. Maybe I'm doing something wrong? I agree about the family being destroyed and many left to fend for themselves.
You live in the wrong place if your rent is$2000 that’s a no-brainer you make 2900
Let's address the elephant in the room. When it comes to groceries, she definitely has room to cut back. Unfortunately, that doesn't solve the main problem...the rent is too dayum high.
I know Republicans don't want this but the government needs to provide more housing. All developers want to do is build more luxury condos when we need more affordable apartments for the aging, broke population. The free market is not going to solve this.
I work in home care and get $12 an hour....they won’t raise it. It sucks
When
It's horrible. At the age of 72, no one wants to go back to proctoring students on their AP exam.
Oh nooooo not the none name brand food… meanwhile food banks are running out of food. 🤦🏻♀️
It HURTS your Psyche and Self Esteem to not be able to afford the BRAND NAME
@@ryanyoung9202 that whole not eating thing hurts too my guy.
One more thing because a lot of people may not know this. She can purchase a home qualifying with retirement income only. She does not have to have a job. A lender will qualify her using her Awards Letters and 1099-R(s). But she will still need a down payment. However, she has savings for a down payment bc she said she's dipping into her savings $700-$800/month so her only hurdles appear to be having good credit scores and having the desire to move to an area with reasonably priced homed. She may have to relocate for that.
ssi doesn't pay $1800 per month in Washington state. You rounded up on the math... Google it!
Depends on your retirement age and income while working. Right now SS tells me I get $1728 per month if I retire at 62 - and substantially more if I wait a few years to draw. Plus, geographic location has no impact on your SS benefit….
Social Security is not based on where you live ....it is based on how much you earned over your working career in which you participated in social security through wage deductions. I know I receive social security
@@ddellwo I was going to take it at 62...no more...only people that should take at 62 have to be well off and use extra money for play time....
Rent?
People voted for Biden even though he said gas prices would explode and inflation would happen and then they wonder whats happening, get what u vote for
P.S....shouldn't pay that much for rent either!
1st mistake-not buying a hm-2nd is living in Washington state....
Third is cornering the market on the Color Purple. Ya know what I'm sayin'??!
I usually reframe from commenting on videos but if she purchased a reasonably priced home she'd have much more disposable income. I know someone that purchased a New Construction 3 br/2ba home in a nice quiet area in Marion County FL (a few months ago) and their mortgage + property taxes & insurance is ONLY $880.00/ month. When she said the lady's RENT was $2,330.00 I thought, What?? It's her choice but why would she voluntarily fork over 80% of her hard earned retirement income to a landlord? Her landlord/property management company won't give 2 shits about increasing her rent causing her to be homeless. Come on people, we have to do our research and not be so willing to pigeon hole ourselves into bad situations. I know a lot of people watching this video won't have any sympathy for her because she "might not" be making wise financial decisions. But let's try to keep in mind that this was a 3 minute video and we may not have and/or know the full picture.
My aunt immigrated from Mexico in her 20s became a citizen now 70 and lives in a run apartment complex in Odessa Texas. Her landlord has never raised the rent due to an agreement she signed with my aunt years ago being that my aunt would do all repairs and pay for all updates to her apartment. My aunt has worked in restaurant industry all her life and finally retired 3 years ago collecting social security. She is loaded with cash and is living great off her social security. I asked her how she did it and she said " I live like a Mexican". Sure enough she lives a humble life yet drives a new paid off ford explorer and has a 70 inch tv that she watches 3 chanels off her antenna on her paid off 5000 dollars worth sectional all paid off. Lives off sopa, tortillas, beans, rice, and traditional Mexican cuisine. She stated Americans don't know how to manage their money and are senseless when it comes to buying and that they are more than willing to spend money to gain instant gratification. She has no stock investment, 401k, dose not own a home. Lives off social security and Medicare and is in great health. I show her these videos and her reply is to tell them to stop whining and live without unnecessary garbage. In 2 years she is moving into government housing being she gave up all her savings to us family members and declared herself poor.
Good one!
Well as long as she is happy with the life she has lived good for her. Do you plan to life and diet like her to save $$ that you will never spend?
I'm 3rd generation mexican-I was living like a mexican and didn't even know it....what makes me mad is now u can't find anything good anymore, at thrift stores...
She looks good for 73yrs, though. One problem is, she is renting. If she owned her own home, it might relieve that $2300 dollar pressure. With a home, there are maintenance costs, yes, but you can take out a reverse mortgage, get a roommate. All of those options would have lessened her financial burden.
I retired right before the pandemic started, own my home, and although prices have gone up, I can still afford the things that I feel make a retirement comfortable. I have no intention of going back to work, ever. I have had enough, period.
Ms. B. Churchill
My dad kept telling us, (husband and i)to buy a hm, we finally did in 2009 when hm's were reasonable, in the next 4 months it will be paid off...so glad I listened to my dad... still 10yrs away frm retirement, but one less huge payment I have to worry about!!!
She would have had to take out endless lines of credit to maintain and properly care for a home. Everyone does not desire the life of a beggar who shows off.
@@johnnypham2850
Owning a home is not showing off, and I'm sorry you feel that way. Also, I have never had to take out endless lines of credit to maintain my home, I'm sorry if you have and/or if you know someone who had to do that.
Ms. B. Churchill
I'm sorry her rent is too high she needed to buy a house or something way back when before this all happened.. she had a great job ..she could have had the house paid off by now why would you rent at this age unless you have to and, even if you have to..there must be something lower than $2300.. if you have a two bedroom place go down to a one bedroom you got to make adjustments..
How about no 5$ a gallon gas and quadrupling groceries that would help too
do not rent!!! Move until you can own!!!
I'm a retiree and the only thing I want to do is stay retired. Rather hold up liquor stores and risk a shootout with the cops or owner than go back to a job. Fortunately, I don't have these concerns. It called planning ahead and being proactive.
She looks good for 73
Woah, slow your roll there, Bubby. Doubt that she's interested.
@@situated4 get your head out of the gutter. I'm a woman complimenting an old woman....lame.
She dyed her hair.
Get 1 or 2 roommates
That have a job for over 2 years straight
Or a monthly check
Or both
Or find a sugar-daddy?
Get a basic apt.that's to fancy.Geez
I hope they voted for Biden.
LGB !
Who paid for Bruce Jenner's sex change operations? The U.S. government, that's who, due to her being an Olympic gold medal winner in the Decathlon. Now, her name is Caitlyn.
8% made you broke????
What the hell is someone 73 doing paying rent? You would think she would have paid off a house at least a couple of decades ago.
Oh my good she bought generic brand bread!
Wow. These boomers have always been so out of touch
Crazy JOES AMERICA!
you people who are complaining about having to go back to work... haven't been paying attention! walmart, HEB and MANY corporations starting hiring retirees when sr. citizen RAYGUN became president! he didn't like the idea of a senior citizen golfing their afternoons away and drawing their HARD WORKED social security check that THEY earned after 50-60 years of work!!! you people obviously haven't been out...OR you didn't notice because you DON"T CARE!...cry me a river....
Based on my age range, I'm about 20 years from retirement, but I just can't see myself working all the way up to it. I was hoping to get out by 50 or 55. But the way things are going, I might have to keep working up to age 75. That's if I am lucky enough not to get sick or suffer some serious ailment or another pandemic wipes me out. What needs to happen is redistribution of wealth. First all, stop the investment firms from sucking up housing stock. Rent should not be no more than 320 dollars a month plus utilities. Your max groceries should not be no more than 100 a month. Transportation should not be not more than $20 a month. Some groups are hoarding up the money and putting the squeeze on regular working class folks and there is no reason for it. We have come a long from 200,000 years ago. We know how to efficiently grow crops, we know how to make medicine, we know how take care of ourselves. Society for ages now has believed in some form of classism where one group is better than the other. Biden is the President and he just seems to be in Grand pa mode making everything slide. Put your foot down and put a stop to this none sense.
You are dreaming.
Wake up, son - dreamtime is over - time to get back to work!
Your hilarious! Rent should not be more than $320 a month. Lol. What a joke! And don’t get me started on $20 for transportation. SMH.
If you're going to dream, than save it for when you're sleeping.
This is what happens when you don't plan, don't get a good job, don't save money, don't pay off credit card debts, and just keep spending. The baby boomers have been the worst savers, the biggest spenders.
I think you have that wrong baby boomers were the savers not the Spenders
She actually makes a good monthly income....she pays too much rent and eats too much...