It would result in higher electric rates for
tenants living on fixed incomes and some elderly people might be forced to relocate to a nursing home or elsewhere.
In poor communities or communities which have many
voters living on fixed incomes, there is precious little room to respond to budget requests within the framework of projected tax revenue.
Seniors, people with disabilities and
others living on fixed incomes are not able to adjust their lifestyles sufficiently to offset the increasing energy costs they require to survive in their homes.
In addition, the lower monthly premium allows
people living on a fixed income to still have some kind of life insurance in place to cover the costs of funeral arrangements.
The bill expands the Senior Citizen Homeowners» Exemption (SCHE) and the Disabled Homeowners» Exemption (DHE), two indispensable programs that offer some of New York's most vulnerable residents who
live on fixed incomes with a 50 % reduction on their property taxes.
For instance, consider an investor who is retired,
living on a fixed income stream, who may have more expenses concentrated in health care (where costs are rapidly rising), and whose portfolio is conservatively positioned with 20 % in stocks and 80 % in bonds.
«Pretend like you're
living on that fixed income today so that when the last paycheck arrives, you've already made the transition,» said Justin Rush, financial advisor at Storey & Associates, a fee - only financial planning firm in North Canton, Ohio.
U.S. food prices are rising at twice the rate of inflation, hitting the pocketbooks of lower - income Americans and people living on fixed incomes. . .
(March 6, 2015) The prior Chapter in this series finished with the disclosure that many affected by «energy poverty» were seniors
living on fixed incomes wanting to spend their final years; «aging at home» but rising energy prices were making that difficult.
This poses special challenges for the legal and mental health professionals involved in family breakdown, as we can expect, in the very near future, to be helping more clients with significant physical and mental illnesses,
more living on fixed incomes and in poverty, and more requiring institutional or assisted home care.
For older Americans, especially
retirees living on fixed incomes, the equity in their paid - for or almost - paid - for home represents a large but liquid asset.