After you’ve worked for over 50 years and you think you’ve made the right plans for your retirement, COVID comes along and changes everything. At least that’s what I’m blaming the higher prices we’re paying for nearly everything.
As with the rest of your life, you find ways to adapt. You watch for sales of the things you need, and you find ways to cut your expenses. You might even go out and find some part-time work to help with the added costs.
Then trouble starts overseas, and the cost of gasoline doubles (yes, our gasoline is now $4.49 per gallon). You can’t help but be shocked when it costs you over $70 to fill your tank at the pump. If you’ve already curtailed driving to places you don’t really need to go, you’re stuck paying the price to get to the places you have to go.
There are a lot of people who rely on their Social Security checks to pay their expenses, and when groceries, doctors, dentists, medicines, gasoline, and nearly all other costs rise as they have, there will be people who are forced to make very difficult decisions – forget going out to eat, it’s become expensive to go through a fast-food restaurant drive-thru.
What can you do? Hope something changes in your favor? Work more hours, if you can work at all? Try to cut your expenses? Change what you purchase?
Personally, I’m hoping some of President Trump’s promises start to come true – like no tax on Social Security. It wouldn’t add much, but everything counts.
Have A Good Week!
