They should be fine, that's twice minimum wage, and they say that's enough to get by.
Futurology
Well, yes, but they didn't think the leopard would eat their face
Don't they own a house? Didn't they vote for this?
They voted for the future. Unfortunately, they thought they would be millionaires/billionaires in the future.
And yet they will vote for the party that wants to cut social security and Medicare. It’s hard to feel sorry for them.
a significant number of them under 65 are, too.
America and Canada are 3rd world countries. Terrible education systems, poor access to health care, crumbling roads, no usable public transit, lead pipes, rampant political corruption, reduced women's rights, reduced worker's rights, brutal cost of living, aging populations with no money to pay for long-term care. You tell me how free everyone is.
How many of these own paid off homes? That makes a big difference.
Keep in mind to folks that medicare pays like 80% medical costs and you need to pretty much get a supplement that costs about what your work one would cost. So they will have to live on whats left. Where I live if you want to live in your own place and be at the level where nothing is to bad you need about 3k a month or 36k a year but you need more of that due to taxes so more like 50k a year. This is not an amount you can live luxurious on.
No elderly person deserves to live in poverty.
That said, there has never been a better time in human history to be old and retired. You've got the largest share of wealth that that demographic has ever had in history.
Retirement, these days, is a scam to get people to waste their most fruitful years slaving away for corporations who care little for them in the vain hope that they'll finally get to live their lives when they're old and broken.