Quote:
Originally Posted by Bill14564
Perhaps not, but add that $25/month to the 20% electric increase, 25% proposed water increase, gas price increases, home insurance increases, food price increases, and various other increases and it starts to look like real money that an 8.7% SS COLA isn't quite going to cover.
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True, but SS was never intended to be the sole means of income in retirement. It was started in the 1930's as a social safety net during the great depression so seniors would not be out in the streets homeless or in "Hoovervilles". The Villages is not the cheapest place to live, so good planning would have allowed for a "cushion" to hedge against such inevitable price increases. Let's hope we never face runaway inflation, which no one will be able to hedge against.