Retirement living can be quite relative, especially when it comes to income and living costs. In New Jersey, the lower middle-class income is nearly $70,000 annually, whereas in Mississippi, it’s around $40,000. This stark difference can significantly affect one’s perception of retirement security.
Tag: Taxes
Coping with inflation in retirement, what’s the plan?
Inflation poses a significant financial stress on retirees, yet awareness and planning are crucial to managing it effectively. The impact of inflation on fixed incomes is often misunderstood, with Social Security generally keeping pace, though specifics depend on individual circumstances.
Tariffs talk
Tariffs under Mr. Trump have brought about a surge in revenue, with analysts projecting gains in the $150–250+ billion range. While these figures are impressive, they are often inflated, with exaggerated claims of trillions being collected and use of the proceeds suggested for multiple purposes.
What you don’t see matters too
Health insurance companies and utilities? They’re not on the list of top earners in the US. Their margins are usually in the 7% range.
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