Higher costs of housing, medical care and utiltiies help sink seniors into debt......

      Another article out of one of my local newspapers. January 15, 2007.

     "Miss Daisy has retired in the red. When she adds up her monthly bills for her mortgage, car loan, electricity, gas, water and phone, they exceed her income from Social Security and a part-time job by almost $200.00.
     "Seniors who grew up in frugal times and have usually been reluctant to go too far into debt are turning increasingly to credit cards to make do in retirement, says a study by the National Consumer Law Center."
     How sad this situation is and it is a growing phenomenon  in almost every community across this country.
     "The consumer advocacy group's report blames the trend on a combination of seniors' shrinking or stagnating incomes, higher expenses for housing, medical care and utiltiies and creditor practices that push seniors to borrow."
      Seems to me this article is also leaving out one very important aspect to this dilemma. Everyone who has ever worked and collected a paycheck has been entitled to pay into a ponzi scheme called Social Security. The illusion of this money being there for you when you reach retirement age is slim to none at best.
     Well, there are many senior citizens who, although they have spent a lifetime paying in, are now told they are not eligible to receive. This alone comes as a great shock to many who do not understand how the system works.
     Unfortunately I see this happen more times than I wish to. Yet, many refuse to lower their lifestyles. Sometimes we all have to do things that we do not like, that is just the way it is.