Yesterday 2:30 pm
What I'm trying to understand is how separate income streams into a single household makes much difference if:Blackvegetable » Today, 6:00 am » wrote: ↑ You are conflating savings with SS...
Savings earn "return".
SS increases by COLA's which, in theory, should keep you at "par".
Those who parked their money in the bank have been **** for 25 years...
1. that income doesn't change (even S.S. COLA is completely inadequate).
2. wages are touted as the panacea to all the inflation problems (retired do not have wage increases).
3. your 8.3% interest earned isn't all that common (merely considered "plausible").
4. elders planning to keep savings intact forced into taking from accounts formerly out of reach of gubmint mitts.
(4. is what I was referring to when I posted "it ain't trapped anymore".)
Conflating isn't really what I'm doing...
Please seat yourself.
I like the very things you hate.
I like the very things you hate.