Saturday, February 18, 2017

With $15 Left in the Bank, a Baby Boomer Makes Peace With Less

Is this what we should be looking forward to.. Some of us are few paychecks away from being homeless.

Better real the article here

With $15 left in the bank, a baby boomer makes peace with less



Kathleen Wolf never dreamed of spending her retirement in Iowa.


The 68-year-old Californian had a change of heart after filing for Chapter 13 bankruptcy. Ms. Wolf was a millionaire whose fortune, built on buying and selling homes, collapsed in the financial crisis. Her bank balance fell to $15.
Ms. Wolf said her debt-repayment plan, which eventually left her with about $1,000 a month to live on, made clear she had to leave Monterey, Calif., the central-coast city where she lived. She looked online, as long as 15 hours a day, for places with a low cost of living. In August, she landed in an Iowa town of around 700.
During her nationwide search, Ms. Wolf found that life in affordable communities brought trade-offs. "These places never gentrified. They have undesirable weather," she said. "They have no yoga classes."
Yet Ms. Wolf's journey from tony West Coast to rural Midwest has afforded, to her surprise, a measure of contentment, as well as counsel for the nation's 75 million baby boomers. As a group, it is widely known they face a wider savings gap than past generations. What is less well documented is how they have piled up more debt, too.
People in the US ages 65 to 74 hold more than five times the borrowing obligations Americans their age held two decades ago, according to an analysis of federal data by the Employee Benefit Research Institute, a nonpartisan, nonprofit policy researcher.
Paying it off won't be easy. Median savings for US households nearest retirement age has dropped 32 per cent in the past decade to $14,500, according to an analysis of federal data by the Economic Policy Institute, a left-leaning think tank.
The financial crisis weakened many households through lost jobs, pay cuts, home-price declines or a combination of all three.
- See more at: http://news.asiaone.com/news/world/15-left-bank-baby-boomer-makes-peace-less#sthash.XS3dLZUA.dpuf
Kathleen Wolf and her dog Cooper in the bedroom of her new home in rural Iowa.
Photo: Rachel Mummy for The Wall Street Journal
Facing five times the debt of previous generations and relatively small savings, many retirees are making fundamental lifestyle changes; Ms. Wolf trades California for Iowa
- See more at: http://news.asiaone.com/news/world/15-left-bank-baby-boomer-makes-peace-less#sthash.XS3dLZUA.dpuf

http://news.asiaone.com/news/world/15-left-bank-baby-boomer-makes-peace-less

REPRINT FROM THE WALL STREET JOURNAL:

With $15 Left in the Bank, a Baby Boomer Makes Peace With Less

Facing five times the debt of previous generations and relatively small savings, many retirees are making fundamental lifestyle changes; Ms. Wolf trades California for Iowa.



Kathleen Wolf never dreamed of spending her retirement in Iowa.
The 68-year-old Californian had a change of heart after filing for Chapter 13 bankruptcy. Ms. Wolf was a millionaire whose fortune, built on buying and selling homes, collapsed in the financial crisis. Her bank balance fell to $15.
 https://www.wsj.com/articles/with-15-left-in-the-bank-a-baby-boomer-makes-peace-with-less-1487259894?tesla=y&mod=e2fb

America's      75 million baby boomers have piled up more debt while holding less savings than generations    
                     before them, a mix that is crimping their hopes of a comfortable retirement.
ht 

Tuesday, January 31, 2017

LA City Homelessness Plan.. OR LACK OF?? CITY IS TOO BUSY WITH PROTEST !!


Report on L.A. City Homelessness Plan Gives Sobering Picture of Struggle Ahead

http://ktla.com/2016/11/12/report-on-l-a-city-homelessness-plan-gives-sobering-picture-of-struggle-ahead/

Tuesday, January 24, 2017

Homeless in LA Living in Cars.

Homeless people face L.A. crackdown on living in cars
Los Angeles’ new ordinance on living in cars was billed as a boon to homeless people, making it legal for the first time to park and sleep in half the city’s streets.
But with the measure set to kick in Feb. 6, a new map suggests the law could trigger a crackdown on some of the city’s 28,000 homeless people.  
The map, which police will use to enforce the measure, shows only 10% of city streets cleared for car lodging. Other posted restrictions on overnight parking and oversized vehicles are not on the maps, but will be enforced.
One Venice block inadvertently marked safe is actually a canal, accessible by amphibious vehicle only.
“This isn’t a street. I’m not sure what it is,” city parking enforcement Officer Hector Chun said as he patrolled the neighborhood last week.
Many jurisdictions have moved against homeless people living in their cars in recent years, with 40% of 187 cities surveyed in 2016 by the National Law Center on Homelessness & Poverty having adopted curbs. L.A.’s difficulty in finding places to put its occupied vehicles underscores its continuing failure to rein in its burgeoning homeless population as it heads into its annual homeless count, which begins Tuesday night.
Voters in November approved $1.2 billion to build 10,000 affordable and homeless units over the next decade, and the city is planning to build on city-owned lots and in converted nuisance motels. But for a second year, street encampments cling to neighborhoods from Los Feliz to North Hollywood. More than 6,600 vehicles countywide are occupied.
Earlier this month, Mayor Eric Garcetti scrapped his timetable for housing homeless veterans, saying 1,200 remain outdoors a year after the deadline he had set to bring them in.
“The city seems to be resting on its laurels passing a homeless housing bond, and meanwhile it has created not so much as another cot,” said retired UCLA law professor Gary Blasi, who has studied and litigated homeless issues for decades.
Garcetti’s press secretary, George Kivork, said the vehicle dwelling restrictions are a stopgap measure while the city develops a parking program for homeless people. Kivork added that the mayor knows current strategies will not solve the homelessness crisis overnight, but remains “committed to working to solve it as quickly as possible.”
CONTINUE READING: 
http://www.latimes.com/local/lanow/la-me-ln-homeless-rv-dwelling-20170113-story.html

Friday, January 20, 2017

HOMELESSNESS: THE FORGOTTEN IN AMERICA!!

There are now more homeless kids and parents in D.C. than homeless single adults 
  

The number of homeless families in the District has soared by more than 30 percent compared with a year ago, according to a federal estimate released Wednesday.
For the first time since the annual census began in 2001, homeless children and their parents in the District outnumbered homeless single adults, a population beset by mental illness and disabilities that historically has loomed as the larger and more in­trac­table problem in cities nationwide.
On one day in late January, officials counted 4,667 homeless children and their parents, compared with 3,683 single adults.
It is impossible to know precisely what is driving the increase. But city officials and advocates for the poor agree that rising costs in one of the country’s hottest real estate markets, combined with a policy of helping families without a permanent place to call home, has produced record numbers at city shelters.
“We are in the midst of a very serious affordable-housing crisis,” said Kate Coventry, an analyst at the left-leaning D.C. Fiscal Policy Institute.
The District, New York City and Massachusetts are the only major U.S. jurisdictions that guarantee homeless residents a right to shelter. All three are grappling with a substantial increase in the homeless population.

https://www.washingtonpost.com/local/dc-politics/there-are-now-more-homeless-kids-and-parents-in-dc-than-single-adults-for-the-first-time/2016/05/11/d4d256c2-16f5-11e6-9e16-2e5a123aac62_story.html?utm_term=.f22a29c356bb

Tuesday, January 17, 2017

The newborn child of a homeless woman found death at a bus stop in Portland

These big cities (LA, SF, Portland, Seattle) are quiet incapable of dealing with homelessness. The newborn child of a homeless woman found death at a bus stop in Portland :'( (cold and freezing temperatures.) 

 Tribune
The newborn child of a homeless woman in Oregon died last week after the two were found at a bus stop amid freezing temperatures.
 

Tuesday, January 10, 2017

Yes, We Are Doing Great... While You Were Celebrating...


Oregon Woman Evicted Over $338, Freezes to Death

Read more: https://sputniknews.com/us/201701111049459157-oregon-woman-misses-rent-freezes/

Two people die of hypothermia in Portland within a week


A 51-year-old man died of hypothermia under a blanket on East Burnside Street at 99th Avenue last week.


Woman evicted from low-income housing died of exposure three months later..

http://www.oregonlive.com/portland/index.ssf/2017/01/after_refusing_help_and_evicti.html


In the last five years, hypothermia caused or contributed to seven deaths of homeless people, including the two most recent ones, according to Multnomah County. Eighty-eight people died on the street in 2015 Multnomah County in overall, mostly from either drugs and alcohol or diseases.