Apparently there are some retirees out there who have discovered, as I have, that there is a formula to follow that will have you successfully surviving the current global crisis-of-living. What is it, you might ask? Well, watch this CBS Evening News video and listen very carefully to the second older woman, Chrissy Berker (?) the news correspondent (Skyler Henry) interviews. Chrissy casually says she and her husband are getting by. They are able to take a few trips/vacations, buy tires for their car...two things unheard of from the many struggling senior citizens. The first interview with Barbara Hawk, who strictly is living on her fixed income thinks the solution is to just cut down on expenses, do without and chase after sales and bargains. That frugality system may have worked in the past but we are into a whole new ballgame now. New rules apply and they're not pretty. Please watch the entire 4.46 minutes.
Did you hear what Chrissy sited as to why she and her husband are doing OK? In addition to their pension and social security checks both are WORKING. Chrissy and her husband both work part time. The extra money is making all the difference. The extra cash is coming in handy. Sort of a rainy day fund that is allowing them to live a bit better and take in a few extra benefits along their way.
Isn't it a coincidence that hubby and I just came back from a little road trip and before that we bought new tires for BOTH our cars? I had often wondered as to why hubby and I were doing fairly well in this current cost-of-living crisis while others are not. What was the difference? I realized my husband is working part time and that income combined with our own pension and social security checks, have us doing OK. We're getting by. BINGO! Having that extra side job, despite being in your 60s or 70s (we're really still young you know!) is how America's retired senior citizen are currently making their ends meet. (Also, being debt free doesn't hurt either).
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