Latest Breaking News
In reply to the discussion: Kentucky man declared brain dead wakes up during organ harvesting [View all]PurgedVoter
(2,399 posts)That is much more reasonable. A retiree could sell their car and almost afford that. A reverse morgage on their home would handle it easily. $8000 is chump change to the average retiree and if they didn't charge that, doctors would just be pestered by clients. Anyone who retired without being able to pony up $8000 on a simi-regular basis, clearly didn't plan for the future.
It is great to know that it is affordable by the middle class. Retired farm workers, and those who never made it into middle or upper management are still going to have to decide if they want to die so their spouse can still afford bills. $8000 with interest doesn't leave a lot for plumbing repair when you are on a fixed income and the cost of a meal has doubled in the last few years.
I am not in poverty, I was not in the lowest income tax bracket either. I have teachers retirement, and I think such expenses would come close to breaking my finances. If anything else came up it would. If I also had my social security benefits, then maybe I could manage such a thing. As it is, I just have to pray my wife and I stay healthy. Right now I could possibly afford such a thing, but in a few years, after inflation, I doubt I will be able to. When we get sick, it is a strong debate over seeing a doctor. When we have a tooth problem we have to schedule it to match with our monthly checks.
But there are a lot of others who made a lot less. The ladies in the front office of the school, the library aids, and a lot of the workers that made the schools functional didn't make anything near what I made. For them, retirement is going to be rough even before medical expenses get bad.
Honestly, my hope is that our nations medical system has been overhauled and improved and social security benefits has been seriously increased before your daughter retires after a $40,000 dollar a year income. Unless her raises become much larger than inflation, retirement may be a bit rough. $40K in the sixties would have been great. These days rent can easily take a third of that and a burger that cost $3.50 before Trump, may cost you $10 now.