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What do people do who don’t have enough money for retirement?

Posted on 8/26/23 at 7:24 pm
Posted by cbree88
South Louisiana
Member since Feb 2010
5310 posts
Posted on 8/26/23 at 7:24 pm
I’ve heard that some have to resort to eating cat food or dog food. That seems like a horrible existence.

There must be other things that people can do though. A lot of people don’t have retirement savings, and I’ve never actually met a person who eats cat/dog food.

Do they move in with their kids or just keep working part-time?
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
51270 posts
Posted on 8/26/23 at 7:25 pm to
They sell their AT4 Tahoes for living expenses
Posted by Brosef Stalin
Member since Dec 2011
39185 posts
Posted on 8/26/23 at 7:26 pm to
they don't retire
Posted by WB Davis
Member since May 2018
2059 posts
Posted on 8/26/23 at 7:26 pm to
/thread

Posted by IAmNERD
Member since May 2017
19206 posts
Posted on 8/26/23 at 7:26 pm to
Work until they die.

Or jump on that government teat.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 8/26/23 at 7:26 pm to
some of the stuff my wife feeds the dogs looks pretty good to me
Posted by justjoe906
Member since Oct 2013
1369 posts
Posted on 8/26/23 at 7:27 pm to
Do they move in with their kids or just keep working part-time?

Walmart greeters
Posted by jkylejohnson
Alexandria
Member since Dec 2016
13999 posts
Posted on 8/26/23 at 7:27 pm to
Social security and live as modestly as possible I guess
Posted by Jake88
Member since Apr 2005
68139 posts
Posted on 8/26/23 at 7:32 pm to
Collect free shite from the government.
Posted by deltaland
Member since Mar 2011
90560 posts
Posted on 8/26/23 at 7:32 pm to
Work
Posted by BK Lounge
Member since Nov 2021
3414 posts
Posted on 8/26/23 at 7:32 pm to
They do exactly what im gonna do- they move overseas to a LCOL country where you can “live like a king” on a $1500 a month SS check.. not a joke.. hell, ill probably do that even if i *can* afford to retire in America, cause ur money goes a lot farther in other parts of the world , so you can typically retire a lot earlier .
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
32403 posts
Posted on 8/26/23 at 7:33 pm to
Finally figuring out taco bell wasn't the right career path for ya?
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120246 posts
Posted on 8/26/23 at 7:33 pm to
They live on bare minimum social security plus whatever other benefits they can get
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
58331 posts
Posted on 8/26/23 at 7:34 pm to
They keep working.
Posted by HoboDickCheese
The overpass
Member since Sep 2020
9362 posts
Posted on 8/26/23 at 7:36 pm to
quote:

I’ve never actually met a person who eats cat/dog food.
I have
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41101 posts
Posted on 8/26/23 at 7:36 pm to
quote:

Social security and live as modestly as possible I guess



This is the answer. My mom didn’t save or plan for anything. Went bankrupt in ‘08 when the real estate market crashed. Moved her into a house I bought. She’s been there ever since. Rent free and balling on her SS. Truly an example of what NOT to do in almost every conceivable way. Doing my best to do the opposite of everything she’s done.
Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 8/26/23 at 7:38 pm to
Take out a reverse mortgage and get screwed
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54630 posts
Posted on 8/26/23 at 7:38 pm to
You can live off the land. Country is full of critters you can eat. City you may have to hunt some free range morons to feed the family.
Posted by Triple13
Ferriday
Member since Aug 2023
504 posts
Posted on 8/26/23 at 7:40 pm to
I have a $110,000 pension.

Partay
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41101 posts
Posted on 8/26/23 at 7:41 pm to
quote:

reverse mortgage


I bought my extra house in 08-09. It was a reverse mortgage where the owner had died. They basically gave the house away. Wish I had bought 10 more.
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