Re:Why America's economy is soaring ahead of its rivals
by refurb on Thursday December 05, 2024 @05:29AM
(#42326782)
Do you feel an $8k/month private nursing home a luxury?
What I’ve noticed is what Americans consider “bare minimum” is pretty luxurious.
“I’m not even middle class” means buying a single family home in the most expensive coastal cities, multiple international (Mexico and Canada don’t count) per year, a couple SUVs less than 5 years old, lots of toys, plus $5M when they retire at 55.
Of course most people can’t afford that. That’s upper class in the US.
Re:Why America's economy is soaring ahead of its rivals
by master_crab on Thursday December 05, 2024 @09:54AM
(#42328768)
”Also consider inflation per 3 or 4 decades.”
Social Security has COLA (Cost of Living Adjustments). It tracks with inflation over time.
Nursing home care runs $8k/mo or more per person. And low-end ones can be sketchy... you hear horror stories.
That $4k/mo won't be enough as you head into your 80s or 90s. Also consider inflation over 3 or 4 decades.