Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

kiva

(4,373 posts)

4. I'm not there yet,

Reply to kelliekat44 (Reply #2)

Tue Mar 5, 2013, 11:05 AM

Mar 2013

but friends who are on Medicare generally have supplemental health insurance, which isn't cheap. And house or renters insurance, because - barring a lottery win or unexpected inheritance - seniors will never seen an improvement in their finances so need to protect what they have, since odds are they can't replace it. Car insurance if they drive. So out of Social Security take out those additional expenses.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

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