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Originally Posted by asianthree
Nope we do our own pest (Sunday all natural 4 applications $75) we also mow our own because let’s face it’s a better job than any company (electric mower 4 years old paid for itself 5 times over)
Not all houses have a bond, I didn’t say plan on just SS, but some live on SS and invest their other income. 2007 was the first time we came to TV. Very well versed in all things to run a household including, 4 types of homes in TV, and the exact budget for each
If one needs to be concerned about amenities rising, I don’t think that is the only problem, one should be concerned about. Amenity is not the only cost that has risen since 2007 in TV.
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At some point, you will no longer be capable of mowing your own lawn. But the lawn will still require mowing. You'll have to pay someone to do it. If your social security doesn't rise enough to cover the increase in your health insurance, AND general inflation on goods and services, AND the increase in amenity fees, AND the increase in taxes - then you'll be hurting.
Social security is considered a fixed income, even though it goes up a few percentage points every year or two. Your costs for living, generally go up more than a few percentage points every year or two.
Eventually, your fixed income will cease to be enough to support your costs for living. If one of you outlives the other, you'll end up with less to live on. Even pensions don't transfer 100% to a spouse, it's always a reduced amount. If you're struggling now, good luck affording it later.