I really feel that with the baby boomers ready to make their exit from the working force, they are going to tax what is even left of Social Security. Hmmm. Home equity gone. Social security gone. We are in a mess. We are going to have soooo many people who are in a serious financial mess.
Why my friend (aged 55) who just developed leukemia is now facing huge hospital bills. Her husband just underwent knee surgery and isn’t working and won’t be going back to work. She has some retirement dollars put away, but that was for retirement. It was never planned to be used for day-to-day living NOW and expensive medical treatments.
We are going to have some many people stuck. Stuck in their homes, stuck with huge mortgages, stuck with losing their home, stuck with . . . well, just stuck. Stuck sucks.
