The Market Ticker - Axios Claims A 'Silver Cliff' Approaches
The big picture: Retirees on fixed incomes face an ever-rising cost of living.
Out-of-pocket medical expenses are escalating, the cost of in-home care is growing more than three times faster than inflation, and an increasing share of the elderly are spending more than a third of their income on real estate too.
Yeah well there have been several rules of thumb that nobody pays any attention to anymore — yet they were rules of thumb and goals for a very good reason.
As one of many examples the premise of a 30 year mortgage when you’re under 30 is fine, provided you stay there. You might not, of course,…….
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Source: https://market-ticker.org/akcs-www?post=254525
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