Loading ...As a 77 year old with a very ill wife and on a fixed income (SS + some savings), it’s sickening watching inflation eat away at our remaining life. It’s a good thing I worked and saved like a dog to become debt free (no loans, paid off house). But COSTS are going up all around us. The big ones are:
Property tax – just got the reappraisal – County doubled the land value, improvements increased a few percent. Maybe 10% increase overall.
Insurance – auto/home is up 10% for this year.
Medicare and supplemental coverage – Sup. coverage increased for us several percent. Medicare+supplemental ins.+ Part D drug coverage costs us $9 K out of pocket. Wife’s drugs are $4 K out of pocket. (and don’t suggest we switch to a Medicare Advantage plan – picking qualified doctors and having choices is important to us)
Since I do all the grocery shopping and handle our finances, I see “sneaky” increases almost everywhere (groceries, utilities, services, etc).
One thing I have noticed…..I have NOT seen any price or cost go down in recent memory.
Oh, we are way better off than most folks we know who are in our age group.