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Social Security and Your Housing Costs - Some Key Things to Know
Many seniors grapple with the budgeting process, faced with a fixed income and an annual Social Security benefit cost-of-living adjustment that may not completely compensate for general price increases. Since housing costs are a substantial part of the overall financial picture for seniors, the relative changes in cost categories like rental expenses can take on increased importance in the planning process. An article posted today by Yahoo!Finance’s John Csiszar explores this topic in detail, presenting information produced by the U.S. Department of Housing and Urban Development that outlines trends in rental costs as well as home prices. Both of these trends can significantly impact seniors, so it’s good to stay informed. Check out Csiszar’s post here.
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