While the government diddles around with our lives, someone asked me “Where do you see yourself in five years?”
This is a bad question to ask people our age, especially right now. We are living on fixed incomes that barely allow us to survive. The future is not something we really want to talk about, look at, or think about. We have a pretty good idea what is coming for us and it isn’t pretty. We won’t get better jobs. There are no bonuses, promotions or raises in our future. Our careers have ended and we no longer work. No one is going to leave us their fortune. I’m pretty sure we aren’t going to hit big on the lottery.
So what do you figure is likely to be the scenario in five years? You don’t need to be a visionary or a prophet to figure it out. It’s kind of obvious.
We will be poorer. Hopefully we will have somehow managed to not lose the house which will be in serious need of repair and improvements for which we still won’t have money. Each year, we will have less money to work with, fewer resources. Our fixed income doesn’t stretch to cover the month now and will cover less in five years.
Most of you are younger than we are. You can’t imagine a time in your lives when you have no expectation of life getting better. For us, things are never going to get better. Our fondest hope is as our situation worsens, we survive. That’s not pessimism. It’s reality. We will fight an endless battle to make ends meet. Just like we are already doing but we will be five years older and that much tireder.
Social Security won’t go up nor will any pension money. We’ll be lucky if they don’t take it away; if they do, we are on the street. We won’t get younger or healthier. Property taxes will rise as will the cost of medical care, drugs, food, and everything else. Our income will remain the same or less. If we don’t die, we’ll be lucky to have a roof over our heads and something to eat.
A look into the future fills us with trepidation. We live with constant gnawing dread as our resources shrink and our government continues to marginalize us, as if all the contributions made throughout our working lives count for nothing, as if our lives count for nothing.
I’m not inherently pessimistic, but reality bites and I’ve got a big hole in my ass to prove it. You can run, but eventually, you hit a wall. This is reality for most senior citizens. Grandma and grandpa live in or at the edge of poverty. They live in fear. They know nothing good is coming down the pipeline. Relief is not on the way. The vast majority of us worked hard and now we can barely make ends meet. It’s humiliating and depressing. What the government calls “entitlements” is actually our money. We invested in programs we were assured would provide a dignified retirement. The money we paid into these retirement programs and social security were supposed to prevent exactly what is happening. It was supposed to keep the wolf from the door, make sure that we didn’t end up in poverty. It was supposed to guarantee we would have a decent quality of life and be able to live in dignity.
For those of you who think we are just being negative, your turn will come. It will be a lot worse by the time you are our age. Everyone thinks they are going to dodge this bullet, that this is a scenario that can never happen to them. But it will. Unless you are very good with your money (never too early to start), exceedingly lucky, or already wealthy, this is your future too. There’s no “Get out of old-age free” card on the Monopoly board of life.
Not long ago, we believed something good was bound to happen. This could not be our fate. The economy and the housing market would go back up. We could sell the house and find a place we could live better. But it didn’t happen. With each passing month, as the months roll into years, we know there’s not going to be a last-minute save. Not this time.
The overall economy and real estate market — even in this depressed area — will ultimately recover, but it will be too late for us.