"Fixed Income" fatigue

Discussion in 'Politics' started by arkfarmbear, Jun 23, 2011.

  1. arkfarmbear

    arkfarmbear New Member

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    I am getting so sick of hearing social security recipients whining "I live on a fixed income" I could puke.
    I now respond "wow, you're lucky. folks on SSI are the only ones with reliable incomes these days".
    I enjoy the deer in the headlights look as they realize that I'm right!
     
  2. MickeyLee

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    wow. :eek:

    you went deep in the asshole locker for this one.

    so many things wrong.
    no clue of where to start.

    i kinda wanna thrash you about the head and neck with a flyswatter:irk:
     
  3. Markdarcy

    Markdarcy Member

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    Does anyone want to live on a fixed income?
     
  4. Industrialsize

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  5. briefs

    briefs New Member

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    Just give it a try
     
  6. arkfarmbear

    arkfarmbear New Member

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    I had to. You had taken so many that there were only a couple left.
     
  7. MickeyLee

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    aawww sugar, don't ya know there is never a shortage of assholes and asshole-ish behavior. :smile:

    not while ya blood line is still producing off spring.

    back to OP.

    are you talking SSI, SSDI, retirement?
    which fixed income are you angry about?

    *smacks you flyswatter blushed*
     
  8. dandelion

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    I think I could probably managed on 1,000,000 a year fixed for life. Just cross my fingers we dont go back to hyper inflation but otherwise that should see me out.
     
  9. B_crackoff

    B_crackoff New Member

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    That comment does hold true for people on gold plated pension schemes, especially in the UK.

    Fixed income there is a guaranteed income.

    I don't think the US benefit system even approaches the monumental amounts of dole people with kids can get in the UK - which they are trying to limit to £500, or $820 a week.

    Some benefit recipients are receiving housing allowances, & child related benefits which would require a salary of £75,000, or $130,000!

    That's nuts, but I'd say the US pays peanuts.
     
  10. B_Marius567

    B_Marius567 New Member

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    i cut back on spending and save 10.000 a year.
     
  11. Mensch1351

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    First of all ---- good for you cutting back on spending ---- in a consumerist based economy like ours.......THAT certainly would make the retailers jump for joy!! And who NEEDS all that shit from China that Walmart sells anyway!!
    Secondly.........cutting spending ONLY works when you make ENOUGH to meet your needs! There is a BIG difference between "fixed" expenses and "flex" expenses! Mortgage/Rent; Car Insurance; Car payment; Life Insurance payment; any on-going medicines taken regularly; auto gas TO & FROM work ONLY; are definitely FIXED expenses unless you make a major life change. Turning lights on/off --- turning heat or air up/down; eating habits; what clothes to buy; entertainment; vacation or no; definitely "flex" --- this certainly changes dramatically if: A) your car breaks down (or an accident) and you have to pay "whatever it takes" to get it up and running. B) You own a home and ANY unexpected expense on repairs pops up! C) You have kids who have a penchant for "wanting" and you are hesitant to deny them or --- THEY get sick/need braces/hurt themselves and you've got unplanned medical expenses.
    A person working 2 jobs at $10.00 per hour would have to live on the bad side of town JUST to have ENOUGH to make the "fixed" expenses I've listed. Even if the "partner" works 2 $10.00 per hour jobs -- there just wouldn't be a hell of a lot left over after "fixed" expenses to SAVE ----- anything. Just to put this in "real" perspective:
    4 jobs........$10.00 per hour......$1,600 per MONTH BEFORE TAXES!!!

    Hmmmmmmm let's see........that comes to $19,200 per year. AND YOU just "cut" your expenses and saved: $10,000?????? Oh baby! I strongly suspect you make a bit more than 4 $10.00 per hour jobs pay!

    Maybe you should consider some of the above when you make your posts!!
     
  12. Mensch1351

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    I work with "old" people. In fact -- some of the people in our building have been "retired" LONGER than they actually worked! The longer you are out of the workplace environment -- the more detatched from reality you become.

    When I ask them to raise their hands if they were "just" a housewife and never worked outside the home.....NOW about 1/2 the room raises their hands. Just about 6 or 7 years ago that number was probably about 2/3! Many of these people still honestly think that "poppa" is making more than enough on his own to sustain the family! They wouldn't have "dreamed" in their productive earnings years of putting anything on "credit" just so they could live a more "comfortable" life! (In fact --- there WAS no credit available to most of them in their younger days -- you just didn't DO that)! This was the generation that had no problem living within their "means"! Sacrifice and denial were very much in their vocabulary! So their "mindset" is simply, "Well -- WE did it -- why can't TODAYS young people do it?"

    And then you try to explain how just living "barely" doesn't even work any more. A family of 4 living off of less than $30,000 per year CANNOT do it without dipping into credit. This "old" generation just cannot understand why people don't "save" anymore not quite understanding that for a LOT of people -- there just isn't anything left to save!

    While they fully understand how the "cost" of things has gone up in direct co-relation to their resources, THIS generation simply would take the steps of ---eating less; wearing heavy clothing in winter and keeping the heat down; driving their cars ONLY where it is absolutely necessary and being proud of the clothes they've mended for the umpteenth time and are still wearing as "fine" after 25 years! But they can only stretch THAT income so far............and if their spouse has died........you DO realize that if they happened to be drawing 2 social security checks -- they're down to one. IF they were drawing their husband's pension -- the benefits of that pension are usually diminished for a surviving spouse.

    I truly believe that if some of them COULD go back to work at age 85 to "supplement" their income................they would! But as you age.....once the paychecks WITH a "raise" are replaced with Social Security and if you're lucky a pension.............whatever anything costs.........YOU WILL adjust your life to live within your means (unless you want to leave a nice large debt behind as your legacy!)

    NOW -- for some of you posters on here who think that "grandma" is living high off the hog in her old age................I would venture to say that out of our 140 residents (average age 87)........most are spending the majority of their income on medications! They are STUNNED when a bill for a 2 week hospital stay comes to $85,000+ when that amounts to what many of them made in their working years to about 5 or 6 years of pay!! When a trip to the Doctor means a medication CHANGE -- many of them finish taking the old prescriptions they have on hand BEFORE they get the new prescription filled!

    I asked them recently, "If you actually HAD to pay a higher percentage of the cost of what your medical bills have amounted to over the last 10 years (instead of Medicare picking up the tab) --- the whole room just sighed!

    I agree with the Republican Medical plan instead of "Obamacare" -- I agree with the Republican plan to slash Medicare benefits for those 55 and under..................but only if you do what I think they'd like you to do..............................................DIE YOUNG!!
     
  13. helgaleena

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    One other loophole the government gets you on-- if you try to save any of your 'fixed income' and get more than $1000 in total, you lose your benefits. Most people however end up in massive unsecured debt, like me. Because it really isn't enough to live on if you pay rent.
     
  14. rob_just_rob

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    My parents refer to it as "living on a broken income".
     
  15. Mensch1351

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    Fixed income is usually "whatever you make" in a year set by a company. The only way to supplement it is to take on "extra" work. It really makes me chuckle (perhaps the word snigger would be a better description) when I hear any business person talk about "fair profit" --- just what constitutes a "fair" profit for a business??? The answer is usually, "Whatever the market will bear!" And that translates as, "however high I can make the cost in order to maximize the profit!"

    Now get those same people in a room and bring up the words, "Decent Wage!" Just what constitutes a decent wage? From a business person's perspective, my suspicious mind tells me their answer would be, "However LOW I can make the salary and still let my employee feel they are valued!" Of course...............that concept doesn't hold true for "top" management it seems.

    Do the big businesses of this great nation ever contemplate the economic theory that it is impossible to keep raising prices while at the same time depressing wages/cutting benefits? Do they consider themselves Patriotic Americans or Economic Terrorists that they are squeezing the life out of the middle class by consistently being obsessed with their higher profits AT THE EXPENSE of their workforce? How long can they continue justifying the high salaries of their CEO's (latest article I read is that the raises CEO'S got last year amounted to 18% --- average). Just had my review for my work performance for a great job -- well done. I get a 1.73% increase for next year!! Coupled with a rate of inflation for 2010 at 1.64%...........hmmmmmmm!!

    Heard a sermon once entitled, "You can't ride to Freedom on Pharoah's chariots!"
     
    #15 Mensch1351, Jun 26, 2011
    Last edited: Jun 26, 2011
  16. vince

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    I agree with your points, but I think your math is wrong unless you are talking about part-time work, in which case you would have to specify the hours per week. A full time job is about 2000 hours per year. At $10/hour that is $20,000/year, or $1666.month, before taxes from one full time job.


    That is a low income, but a far cry from $1600 from four jobs. To make that much from 4 full time jobs they'd be getting $2,50 per hour. Even if two of the jobs were half time and two were full time, between the two of them they'd take 60,000 before tax.
     
  17. hypoc8

    hypoc8 Member

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    Four (4) full time jobs at $10.00\hr = $83,200.00\yr gross

    That equals $6,933.00\month gross
     
  18. secondbest69

    secondbest69 Well-Known Member

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    omg i work with the state of fl some and i can not believe you really believe people are lucky with a [fixed income] in about 90% of the people on a fixed income if they try to make more money just to pay on the bills that there checks don't cover any help they might be getting would be cut off that there getting from the state or any other group would stop.
     
  19. seffnerman

    seffnerman Member

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    hey my mom is on a fixed income i try and help her each month as much as i can. i really think you should think b4 saying things like that
     
  20. Mensch1351

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    ahhh math --- not one of my favorite or stronger subjects!! Even with your adjusted figures --- 2 partners working a full time job EACH at that wage still does not necessarily make for a lot left over.......especially with children. A friend of mine in my response to how much I pay in taxes (state/local/Fed -- SS -- Medicare) said, "Now you see why WE think the "Fair" tax is such a viable alternative. You'd get more of your money to keep!! My response was "Yeah --- all the while you want to put a 23% Federal SALES tax on everything I buy!" "Oh no" he replied -- you'd get a yearly rebate if your income is below a certain level!" I replied, "So for an entire year I get saddled with a hefty sales tax only to get a refund back at the END of the year. Do you realize how much this is going to hurt the purchasing power of the lower classes?" Further "and how long will it be before that 23% sales tax is raised to 24% -- then 25%, etc."

    Anyway ---- the "old days" of non-college educated people being able to make a middle class income through work in manufacturing (in Pittsburgh it was the mills and the mines) is pretty much over. Starting wage in the Housekeeping and Dietary Department of our Senior Retirement Home (upscale) is $7.35 an hour. Do the math there! Sad! And like I said -- Our Company just bought 35 Retirement homes in North Carolina and paid cash for them! If Socialism is for the "community" -- Capitalism is all for the "Corporation" (the NEW "boss-man")
     
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