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Tuesday, October 9, 2012 - 6:38 PM
The Yield Famine, Continued
by Scott Burns
Food is one of the great bargains in America.
According to recent Department of Agriculture figures, a family of two over age 50 can be well-fed spending $158.40 a week for food at home. Pinch a bit and the USDA “moderate cost” plan gets it down to $131.60. Squeeze still more and the bill will shrink to $106.30 for the “low-cost” plan and $82.40 for the “thrifty” plan.
In spite of all that, it is becoming more and more difficult for retirees to afford to buy food from their savings. Actually, that’s a gigantic understatement. If you were trying to buy food from the interest paid on your savings accounts, you would have to be rich. Not top 1 percent rich, but pretty close.
http://assetbuilder.com/scott_bur...e_continue
Food is one of the great bargains in America.
According to recent Department of Agriculture figures, a family of two over age 50 can be well-fed spending $158.40 a week for food at home. Pinch a bit and the USDA “moderate cost” plan gets it down to $131.60. Squeeze still more and the bill will shrink to $106.30 for the “low-cost” plan and $82.40 for the “thrifty” plan.
In spite of all that, it is becoming more and more difficult for retirees to afford to buy food from their savings. Actually, that’s a gigantic understatement. If you were trying to buy food from the interest paid on your savings accounts, you would have to be rich. Not top 1 percent rich, but pretty close.
http://assetbuilder.com/scott_bur...e_continue
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