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kelliekat44

(7,759 posts)

2. Two factors explain this: Medicare and wealth protection by our tax system which contributes to

Reply to xchrom (Original post)

Tue Mar 5, 2013, 10:37 AM

Mar 2013

Seniors over 65 do not have the medical bills or medical costs that the rest of the population has, especially those raising families. Also, they don't have insurances to pay like the rest of us. And remember, this is median income figure which is further proof that the 2% at the top have 90% of the wealth in this country. All those millions of poor seniors only help to bring down the wealth median.

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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