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Old people are doing great, while young people are getting squeezed.
by junofan 3y ago
Old people are doing great, while young people are getting squeezed.
- defrost 3y agoSome old people are doing great ... meanwhile: The elderly are becoming homeless at a rate not seen since the Great Depression https://news.ycombinator.com/item?id=37641471 https://news.ycombinator.com/item?id=37641471
- junofan 3y agoLooks like 2020 data? Social security COL increase was 8.7% this year. That’s pretty great compared to engineering salaries in the linked article.
- defrost 3y agoGreat? 2020? * I'm pretty sure that the bulk of those that became homeless are still homeless and that more ederly are still becoming homeless at high rates. * How many of those do you think are getting the kind of Social Security that is sufficient to meet needs? * You'd rather a social security pension with an 8.7% increase over a median engineering salary of US $169,000?
- deelowe 3y agoThis makes no sense. Inflation should hit old people the worst. They aren't exactly getting promotions and parking their nest eggs in high risk investments...