Reported 4 months ago
Mary Dacus, 69, and her husband live off their Social Security income but face financial vulnerability due to inflation and limited income, draining their savings. Dacus worries about affording groceries and healthcare, with their SNAP benefits ($23/month) insufficient. While above the poverty line, their income isn't enough to cover expenses, reflecting the financial struggles of many older adults. With no savings, credit card debt, and medical expenses, Dacus questions how they will survive, highlighting the challenges faced by millions of Americans living paycheck to paycheck, especially older adults with limited retirement savings and the looming depletion of the US Social Security fund if not addressed by lawmakers.
Source: YAHOO