Quote:
Originally Posted by buildmybudget
I can see you are quite the optimist. And I'm certain you'll just reply and say you are a realist...but what do YOU say to those individuals with "terminal financial cancer?" Would you advise them to just give up? Saying that it can be, in fact, too late to turn things around IS reality sometimes...but that doesn't account for the amazing things we can do as people.
If your solution is to just give up, I think that says much more about you than any individuals financial situation.
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They have little but one choice. File bankruptcy, hopefully move in with a kid if they have one, and try to collect SS while working as a Walmart greeter.
Unfortunately we are on the receiving end of this as we might have a parent in this situation soon. They are very very poor managing money and do not have any real time left to build up a retirement. We already sent them $5000 as a gift to help ends meet but I think they pissed it away pretty fast. Ah well, I keep the spare room clean...Obama can take care of their medical bills.