Thursday, June 23, 2011

$64,000 Question

So you're telling me a couple that makes $64,000 a year, including Social Security benefits, might qualify for Medicare and that's a bad thing?

I'll admit that might be a little bit high. Median household income in the United States is around $45K a year, so I guess folks who earn around that number might consider themselves "middle class." But with the price of food and gasoline going up, the value of homes decreasing, and the astronomical costs of medicine in this country, maintaining a household of two + individuals at $64,000 a year isn't a walk in the park.

Hit with almost any major medical emergency, that $64,000 can vanish quickly.

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