For Sale: Kurt Cobain's Hospital Bill

Senior citizens are taking the hit that no one talks about during the recession. Senior citizens, as their numbers increase exponentially, are increasingly taking to short term loans to keep afloat. As more people are laid off, there is less tax revenue coming in, and that is how Social Security and Medicare are funded. The Medicare expense out of every paycheck goes to the Medicare fund, and part of the Medicare woe is that not only is the fund running out faster than it can be replenished, but health care costs are going up. Medicare will be bankrupt in 8 years or less, which means we need debt relief to be able to care for our http://personalmoneystore.com/moneyblog/2009/05/23/senior-americans-short-term-loans-due-medicare-woes/ senior citizens.

Senior citizens are taking the hit that no one talks about during the recession. Senior citizens, as their numbers increase exponentially, are increasingly taking to short term loans to keep afloat. As more people are laid off, there is less tax revenue coming in, and that is how Social Security and Medicare are funded. The Medicare expense out of every paycheck goes to the Medicare fund, and part of the Medicare woe is that not only is the fund running out faster than it can be replenished, but health care costs are going up. Medicare will be bankrupt in 8 years or less, which means we need debt relief to be able to care for our senior citizens.