70 and job hunting: A boomer moved to Wyoming and still can't afford to live on her $2,000 in monthly Social Security

Business and Finance Business and Finance

Mon, March 10, 2025

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70 and job hunting: A boomer moved to Wyoming and .. to live on her $2,000 in monthly Social Security

70 and job hunting: A boomer moved to Wyoming and still can't afford to live on her $2,000 in monthly Social Security

^{Published on 2025-03-10 05:21:00 - Insider}

Instead, she's paying bills with Social Security and looking for a job. Janek is one of millions of retirees navigating the rising cost of living in the US. Business Insider has heard from roughly 4,000 older Americans who are struggling to make ends meet on Social Security and dwindling savings.

The article discusses the financial struggles of a 70-year-old woman named Susan, who moved to Wyoming in hopes of a more affordable lifestyle but still finds it challenging to live on her $2,000 monthly Social Security benefits. Despite the lower cost of living in Wyoming compared to other states, Susan faces difficulties due to rising costs in essentials like housing, food, and healthcare. The piece highlights the broader issue of many baby boomers entering retirement without sufficient savings, leading to a reliance on Social Security which often proves inadequate for a comfortable living. It also touches on the emotional and psychological toll of job hunting at an advanced age, with Susan expressing frustration over the lack of job opportunities and the physical demands of available work. The article underscores the need for better retirement planning and possibly policy changes to support aging populations.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/retirement/70-and-job-hunting-a-boomer-moved-to-wyoming-and-still-can-t-afford-to-live-on-her-2-000-in-monthly-social-security/ar-AA1AAOJl ]

N@N

70 and job hunting: A boomer moved to Wyoming and still can't afford to live on her $2,000 in monthly Social Security