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GTurck

(826 posts)

1. That "wealth"....

Reply to xchrom (Original post)

Tue Mar 5, 2013, 09:43 AM

Mar 2013

may be their house which they cannot sell because they could not afford to pay the rents asked today and the house is paid off. Wealth should be measured by the sort of items that guarantee ready cash when it is needed and not something that cannot be fungible.

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Highlight:

The Scary Truth About Seniors and Money [View all] xchrom Mar 2013 OP

That "wealth".... GTurck Mar 2013 #1

Two factors explain this: Medicare and wealth protection by our tax system which contributes to kelliekat44 Mar 2013 #2

I don't know about that, kellie. Medicare isn't single payer, it is 80/20 TheKentuckian Mar 2013 #3

I'm not there yet, kiva Mar 2013 #4

Yikes! That's a really low number... Jeff In Milwaukee Mar 2013 #5

The scary truth is that seniors DO have far more wealth than anyone else Demo_Chris Mar 2013 #6

Everybody I know is squeezed.. marions ghost Mar 2013 #7

Without a doubt. Demo_Chris Mar 2013 #9

As one of that age let me comment to add to what you've said. 1-Old-Man Mar 2013 #8

It certainly has. :) Demo_Chris Mar 2013 #10