A boomer who lives on Social Security worries she won't get hired because she can't afford a car: 'I don't even have $1 in my wallet.'

Fri, 06/14/2024 - 06:03

An older woman sitting on a bench, facing away from the camera — Virginia Hambrick, 66, (not pictured) and her husband live on her $1,615 monthly Social Security income. They struggle to afford basic necessities like rent, groceries, and healthcare.
blackCAT / Getty Images

Virginia Hambrick is retired and lives on her $1,625 monthly Social Security income with her husband.
Millions of older adults are facing financial challenges as many have limited retirement assets.
As Hambrick struggles to afford rent and food, she worries she will have to return to work.

Virgina Hambrick used her last $40 to visit urgent care. She hoped to avoid spending the money, but her bronchitis symptoms were getting worse and she needed to see a doctor.