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A 70-year-old woman in Santa Fe is back on the job hunt because her Social Security check no longer covers the basics. After paying rent, Olivia Moreno Carlson has less than two hundred dollars left each month. She told CBS that she never imagined retirement would look like this.
Carlson spent her life working retail, caring for her late husband, and doing everything she could to stay afloat. Now she walks to the library to search for jobs, checks on applications in person, and asks local businesses if they are hiring. She says she is not working by choice. She is working because she has to.
She leans on her Bible study group for support, but the financial stress never leaves. She says her biggest obstacle is simply being able to support herself. She wishes people in power would think more with compassion when making decisions that affect seniors like her.
Her situation reflects a growing trend. More older Americans are remaining in the workforce because their benefits are not keeping up with the cost of living. Social Security payments have risen, but inflation often outpaces the adjustments.
Carlson’s story highlights a difficult reality. Many seniors who spent decades working are discovering that retirement is no longer guaranteed. For many, it has become another phase of survival.
Wow, I made OFF THE RECORD COMMENTS to Bloomberg concerning Canada, and this powerful understanding was BLATANTLY VIOLATED. Oh well, just more dishonest reporting. I am used to it. At least Canada knows where I stand!