Talk of The Villages Florida - View Single Post - Increase in Social Security offset by a larger increase in Medicare premiums
Thread: Increase in Social Security offset by a larger increase in Medicare premiums
View Single Post
 
Old 12-01-2021, 11:32 AM
jimbomaybe jimbomaybe is offline
Veteran member
Join Date: Jan 2018
Posts: 796
Thanks: 289
Thanked 660 Times in 306 Posts
Default
Quote:
Originally Posted by gdennis317 View Post
Unfortunately, if you are living off of Social Security only you MAY barely be at the very low end of Middle Class.

“The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $61,372 in 2017, according to the U.S. Census Bureau. 21 Using Pew's yardstick, middle income is made up of people who make between $42,000 and $126,000.”
Many years ago , before I had even started my working life I could see that living off SS would not be what I wanted, my understanding is it was never intended to be the sole support , people being people discount this fact as they ignore how people who do live a rather fugal lifestyle, its not a failure of plan,, its a failure to plan