meta name='ir-site-verification-token' value='1860762106'> Aging in America and the effects that it has on your financial future. | How to save money and look great while doing so

Wednesday, November 28, 2018

Aging in America and the effects that it has on your financial future.

Women, Woman, Seniors, Senior Women
Picture of two elderly women, courtesy Pixabay

When you are young, you never think about what your life will be like when you become a senior citizen.  How you will have to worry about whether or not you will be able to afford next month's rent or will you have enough money to buy your groceries for the month.

Sometimes you may even have to decide not to turn on the heat in colder weather because of the increasing cost of gas and oil.  Seniors keep many secrets from their children so they do not burden them with the financial dilemma that they are in. 

So many kids of senior citizens think that their parents are in fact, well off financially because, at one time, their parents had great jobs and resources.

Old Woman Hat Glasses Looking Portrait Fem
Image of Elderly Woman with glasses and hat courtesy Pixabay

Some elderly people are prone to be taken advantage of by unscrupulous people looking for a quick entry to their fortune.
Neck-Point, Man, Old, Person, Male
Image of trees and elderly man courtesy of Pixabay

The video below explains in detail what can happen to your income when you are elderly.
Please sit down with your senior family members to see what is going on with them financially and help them protect their income and also discussions should take place as to where the family member should reside if they are over their heads financially.



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