Building an Economy that Works for Everyone

Costs soar for seniors – how will the nation respond?

Sunday’s Chicago Tribune features a heartbreaking story about senior citizens playing bingo in the back of a grocery store, hoping for winnings like eggs, chicken, fruit, bread and fresh fish.

One of them is 84-year-old Ruth Graves, a retired waitress living on Social Security, shops on Wednesdays to save 10 percent on her purchases, and supplements her income by selling Avon products.

She, like more than 30 million other people over age 65, relies on Social Security as a primary source of income, averaging about $1,079 a month.

With gasoline prices around $4 a gallon, staples such as eggs, bread and milk rising rapidly and utility costs soaring, many seniors are caught in a financial crunch. With only Social Security, pensions or personal savings, experts say, many cannot keep up with inflation.

More and more seniors face shrinking nest eggs, the potential of foreclosure, and an increasing number of scams that threaten to deplete their savings.

Many of today’s seniors are old enough to remember surviving at least part of the Great Depression with their parents – many served their country, either at home or abroad in one form or another, during World War II.

This is a test of conscience for America. How will we respond to those who have given their best years to the nation – those in their twilight years, now faced with going hungry and getting sick in the midst of diminishing economic security?

  • Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More To Read

February 22, 2024

Why Is Health Care Declining in Washington? Look to Hospital Consolidation

People are hurting in our state. And it’s no accident.

February 2, 2024

What is REET and Why Do We Need to Reform It?

Washington State lawmakers have the chance to make a progressive tax more progressive and provide a permanent funding source for affordable housing

January 23, 2024

Report: Washington no longer has the most regressive tax structure in the nation

This is both cause for celebration and a call to action