THE ONE WHO GOT AWAY The only affordable retirement for most Americans isn’t in America

http://qz.com/546416

Here is the story of one woman’s escape. For most of us, the headline is true. Rent, food, health care, transportation, clothes, all on an average of $1300 a month Social Security? In the US? What a very bad joke. Our children had better be prepared to either take care of us, or to feel guilty as hell. Or to come visit us in Belize, or some other much more affordable and gratifying place of retirement.

Here is a bit of the article:

For the unlucky many, Social Security would be the sole income source. Nearly half of today’s middle-class workers in America may end up living on a food budget of $5 a day, predicted Teresa Ghilarducci (paywall), an economist specializing in retirement policy, in 2012.

 

According to the Bureau of Labor Statistics, workers 55 and over were the fastest growing segment (pdf) of the civilian labor force. Older unemployed workers were searching longer and fighting harder for low-wage, low-skill “first jobs” traditionally held by teens and migrants. Christine pictured untold numbers of 80-year-old faces standing behind cash registers and Vietnam veterans serving tweens their Starbucks. She knew from years of working retail that the cashier class could sing a song of woe worthy of Les Misérables, and she had to maneuver fast or be one of that chorus.

Welcome to retirement.(AP Photo/Chris O'Meara)

Welcome to retirement.(AP Photo/Chris O’Meara)

There are certainly plenty of these stories. Write your own.

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