Houston Estate Planning and Elder Law Attorney Blog
When you live on a fixed income, any increases in your living costs present a huge challenge. For Manny Martinez, whose sole income is his monthly Social Security check, even living in rent-controlled senior housing doesn't protect him from being squeezed when costs go up. There are months when he has no choice but to accept food from the very same church food bank where he is a regular volunteer.
Martinez said it doesn't pay to get a part-time job because his rent would increase.
Martinez hasn't had to borrow money, but his situation is similar to many seniors who are struggling to get by, says The Daily Item in "New Report: More seniors falling into debt."
