Pensioners pinching pennies tighter

  • Article by: H.J. CUMMINS , Star Tribune
  • Updated: August 16, 2008 - 4:04 PM

A burst of rising prices has increased difficulties and anxiety for middle-class retirees living on incomes that are falling further and further behind inflation.

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  • Comments

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windjammerAug. 16, 08 5:04 PM

Don't forget about the cost of property tax increases, 2nd half is coming due soon.

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WmToensingAug. 17, 08 3:10 AM

This is what you Bush supporters get, along with the rest of us. Rise in gas prices has fueled this current inflation along with the falling value of the dollar and tax policies that have corporations to outsource jobs to China, India, and other 3rd world countries. One thing that would help would be to exempt Social Security from taxable income, if income from other sources is less than $75,000.

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WmToensingAug. 17, 08 3:12 AM

This is what you Bush supporters get, along with the rest of us. Rise in gas prices has fueled this current inflation along with the falling value of the dollar, his STUPID Iraq War, and tax policies that have corporations to outsource jobs to China, India, and other 3rd world countries. One thing that would help would be to exempt Social Security from taxable income, if income from other sources is less than $75,000.

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lunkyAug. 17, 08 7:55 AM

Also, everything is going up, the cause is too much money and credit being created. Higher prices are the symptom not the cause. M3 money supply is going up over 16% which is wildly inflationary. In the past we were able to export inflation to other countries but that is now ending. Expect more of the same.

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jk12345Aug. 17, 08 8:08 AM

It was Bill Clinton that signed NAFTA, not George Bush. It was also Bill Clinton that gave China the Most Favorable Nation trade status in the 1990s. Also, the higher oil prices are due to Democrats. In 1996, Bill Clinton vetoed the Republican bill to drill for domestic oil. Clinton (just as the same argument is made now) said it would be 10 years before we see the oil. That oil would have been a nice gift in 2006. Please get your facts straight.

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RichardsorAug. 17, 08 8:23 AM

Throwing away BILLIONS of US Dollars in IRAQ had nothing to do with the economy heading South . Yah Right ! Bush is a idiot ,I hope all you eternal optimists out there are happy your retirement plans are worth less than what you invested in them and that inflation is eating most realistic people alive.

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mahoneytAug. 17, 08 8:52 AM

Tax and spend tax and spend. Government needs to be cut back significantly. Our taxes are needed for infrastructure, education, police, fire, and necessities. NOT for drinking fountains, planting trees and whatever other touchy feely things these politicians dream up to cram in legitimate bills. All bills for spending must stand alone and government needs to be held accountable for every penny of our money that they spend. Cut back government waste, cut back on our taxes and watch the economy prosper!

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dlfriesenAug. 17, 0810:06 AM

I am certainly sensitive to those (primarily elderly) who are subject to fixed incomes. Whereas AARP may provide you with discounts to this afternoon's matinee, however ... it is AARP who is standing in the way of meaningful social security reform. For those (see last paragraph of above article) who lament having to assist their children with today's expenses ... acceptance of meaningful social security reform will provide their children with a greater legacy than today's mere handouts.

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RipAndersonAug. 17, 0810:47 AM

Upping it to 76 to be frugal????? Ours is set at 80. I didn't realize we were being over-frugal. After reading this article we'll crank it down to 76 and be extra cool and just as frugal as the lady in the article.

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RipAndersonAug. 17, 0810:57 AM

Balderdash! Saying he can't afford the $164 to quit smoking is just an excuse to NOT quit smoking. At well over $20 per carton for cigarettes, quitting smoking will recoup that $164 in no time. The savings from quitting smoking add up pretty quickly. When I quit smoking I put the $ savings in a jar. That jar paid for a touring bike, a Schwinn Airdyne, some teak furniture for my home office, a computer monitor, a graphics card, a trip to Europe and more...

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