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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Neocon who wrote (40332)9/28/2000 11:46:22 AM
From: ColtonGang  Read Replies (1) | Respond to of 769670
 
One thing elderly usually are is frugal.....they always worry that they won't have enough to live on.....they're full of fear.



To: Neocon who wrote (40332)9/28/2000 11:52:28 AM
From: flatsville  Read Replies (1) | Respond to of 769670
 
Neocon--

>>>Yes, I said that most of them depend on SSI, although an argument could be made that they could get along more if they would liquidate some assets.<<<

Exactly what "assets" would you expect them to "liquidate" "to get along more?"

As you can see from the "Limited resources" table below they are allowed very little in order to meet eligibility for SSI.

ssa.gov

Limited resources

(Property and other
assets a person owns)
$2,000 for single adult or child
$3,000 for couple (limit applies even if only one member is eligible)

Not all resources count. Some exclusions are:
the home a person lives in-
a car, depending on use or value-
burial plots for individual and immediate family-
burial funds up to $1,500-
life insurance with face value of $1,500 or less-