Retirement Problems This Financial Climate - Inflation

Retirement in 2024 a luxury that many baby boomers can’t afford, with hyper inflation, shrinkflation and fast food prices rising exponentially. In the USA and Canada less than half of baby boomers have saved for retirement.
Most of the homeless people living on the streets are baby boomers. Has most fast food companies deserted low income people and inflated prices to become unattainable to the traditional fast food consumer. Can you retire in this financial climate with inflation.
Will you sell your house in Canada and realize the profits before they crash back to prices seven years ago, this is the retirement gamble.
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[@MaryannSimmons]

Norm's beard looks really good on him!

[@kendraw.6999]

I agree. It is a nice addition

[@RJones-Indy]

Rocking the beard!

[@user-vb1ct6dj1z]

Makes him look younger!

[@JuneAdams-li9sy]

My plan was to sell my property and rent for the rest of my days but I can't afford to sell in 2024. There's nothing to rent at a price I could pay. Neither is there anything to rent in which I would want to live. Greedflation rules right now.

[@afriendabroad2083]

Why don't you rent out your property, you should get more than before due to higher rents then use the rental income to rent a place for yourself instead

[@JuneAdams-li9sy]

@@afriendabroad2083 I don't rent my home because the taxed rental income and dealing costs would leave insufficient profit to pay rent on anything fit for human habitation.

[@gordthompson824]

Keep the house , reverse mortgage for all the funds you need.

[@dianeosgood6594]

​@gordthompson824 Reverse mortgage costs have gone up, but different options for reverse mortgage are not bad idea. Took class and there is one with set interest rate, I am still trying to determine if you take out the reverse mortgage and then decide to pay it off or down with IRA money, does that interest accrued you paid off with IRA money let you write off huge interest cost so no taxes on IRA withdrawal? Needs to be well above your $28,000 standard deduction, though to make that strategy worthwhile. Will take more classes and do more research on tax consequences.

[@randymillhouse791]

LEAVE THE USA! Move to a place where your USD goes 2 to 3 times further. Don't suffer the AM radio brainwash crowd.

[@pensacola321]

Losing out on McDonald's and fast food is a win for seniors. I am 73 and seldom eat FF. Maybe just when on the road. Overpriced unhealthy krap.

[@jandmvideos9051]

I’m with you. Fast food is not my friend.

[@dianeosgood6594]

McDonalds is kinda of gross tasting as well as become super expensive.

[@dfelt4870]

​It is sometimes refered to as...luge food.😮@@jandmvideos9051

[@randymillhouse791]

It's a good LAXATIVE! Bye Bye MiraLAX colonoscopy prep.

[@todddunn945]

Who is that young beatnik Tina is hanging with? Nice day there. Enjoy the rest of your time in sunny Portugal. Back here in Maine it was warm yesterday, but I don't think even 6C compares well with temperatures in Portugal. I look at my house a bit differently. I don't owe anything on it, so it is a comparatively cheap place to live. Maintaining my house costs about $750/month for the house (property tax, maintenance and utilities) which is is much cheaper than renting. I have been in this house for 25 years, so even if I factor in the purchase price and all of the maintenance over those 25 years I am still ahead compared to renting for that time period. Yes I could sell the house and get a sizeable chunk of cash even after federal taxes, but I doubt that money would allow me to rent a comparable place in terms of location particularly if there is a market down turn. That said, everyone is different, so do what is best for you. Yes, food prices are definitely up, but food remains one of our smallest costs. We seldom eat out (not at all since Covid) so that is a big factor in our food costs. The rise in interest rates has pushed the returns on our saving way up which has much more than offset the impact of inflation on our living costs. That said, we live quite frugally, by choice which is a big factor.

[@bobfmirvine6652]

Retire early, eat at restaurants during hours the working people are at work, never on weekends or evenings. We have been retired 26 years in Southern California and love it!

[@dovygoodguy1296]

What is it like living in southern California in retirement under the terrible conditions under the Newsom regime?

[@dancurran8977]

@@dovygoodguy1296 I'm retired in Northern California. I am lucky to be here!

[@Autonomous1969]

I'm retired and I don't leave my house on Weekends anymore.

[@dovygoodguy1296]

@@Autonomous1969 How does that relate to living in California under the regime of Newsom??

[@Autonomous1969]

@@dovygoodguy1296 I live in England.

[@sandihunter1260]

Love the beard Norm. It really suits you and makes you look younger. Thanks for today's insight.

[@randymillhouse791]

I know! How does that even WORK? Growing mine out makes me look older. PIZZLE!

[@dl777]

In the US you can get a double cheeseburger, small fries and senior soft drink for around $4.99( it used to be $4.25 a few months ago). The reason I go to McDonald’s is to be out with other people and a fountain drink. I can always make a peanut butter and jelly sandwich at home which I like just as much. Thanks for your videos.

[@user-ck9ng1xs3m]

My Portuguese mother always says if you want to eat well and healthy eat at home ! 😂

[@randymillhouse791]

Tudu bem!

[@patriciaburke8729]

Norm the facial hair is spot on. Took ten years off.

[@user-vb1ct6dj1z]

After hearing that he'll never shaveagain.

[@wrongwayconway]

Every McDonald’s near me in southwestern Ontario has a group of seniors having coffee & a muffin in the morning. Such a common sight...and I'll be one of those coffee drinkers next year when I retire. 😄

[@ThisIsOurRetirement]

🙂☕️🙂

[@IamaDutch-Kiwi]

Living in the Netherlands and having been in Germany, France the UK, Australia and now in New `Zealand these past 12 months I have to say- the story is the same everywhere. Every country I've visited has 'bad economic news' on air and in the papers. differences in proces all over though in some countries the rise wasn't as high everywhere. It was very affordable to eat out in France and Germany. In the Netherlands restaurant meals have increased quite a bit as has a coffee and a wine r beer. Yet restaurants are still fully booked. Groceries have risen everywhere. House prises rose, leveled and settled almost simultaneously globally. Mortgage rates went up causing much ado on the housing market. Rentals rose and were/are hard to come by. I guess we will bite the bullet, hold our breath and wait for the tide to turn ( again). Enjoy Portugal. Happy Easter 🐣. 🇳🇱🙋‍♀🇳🇿🥝 😎

[@ThisIsOurRetirement]

Thanks Anita you pretty much summed up everything perfectly, enjoy your time in NZ and Happy Easter 🇳🇿🐣🇨🇦

[@dean7442]

Unfortunately I feel it's a game in the UK. Our chancellor openly stated he wanted more people at work and to attract the elderly back to work. However, our work-force pays for state pensions, so maintaining high prices may force some pensioners back to work leading to the wealthy becoming wealthier and the remainder becoming poorer.

[@ThisIsOurRetirement]

It is worrisome

[@davidhedden9929]

A big reasons why FF prices have increased is the recent increases in minimum wage in an attempt to provide FF workers with a livable wage.

[@dfelt4870]

Yes, but the vast majority of low skilled workers in such places are exactly as they have historically been... minors.Minors who should be using this introductory level job for said purpose. Same with Canadian saturation of union industries which drive cost of everything up from the negotiated highjacking which results in exorbitant cost on anything sourced domestically. PS. 30% coming your way on ALL goods and services via LNDP Apr.1 carbon tax(4th increment).

[@davidhedden9929]

Unfortunately, in the US, many adults hold these jobs which do not provide them with a liveable wage.

[@sulemanpiracha8123]

Hi Tina & Norm, just came back from Pakistan. Mcdonald, KFC and other fast food restaurants were never meant to be for the low income people there. These are the hang-out places for rich and upper middle class kids and families. They opened Tim Horten in Pakistan last year and it made the highest revenue in the world. I went to Tim Hortons with my friends and I paid $20 for five small coffees and a Timbits box of 20 (cost in the US $ 7.80). Now, $ 20 may not sound high, but converted in local currency, it is a big amount and definitely not affordable by low income people.

[@ThisIsOurRetirement]

Wow Suleman that’s really interesting also we have heard Pakistan 🇵🇰 has the best Biryani Cheers ☕️

[@sulemanpiracha8123]

@@ThisIsOurRetirement yes, but you can have good biryani in Gerard Street - Toronto as well

[@dianeosgood6594]

Working until full retirement age is best way to maximize Social Security benefit. In USA your mortgage interest rate can be set for the term you took it out, 15 or 30 yrs. So, holding your home while in retirement is most secure way to control cost of housing in USA. Most counties in USA have a property tax break for over 65 owners. Most places in USA have no rent control, so renting cost can go up a lot. Interest rates are up, so cash savings finally get a decent return. Stock market investments have good return last few years. But you never know if we'll have a "correction." Best to have both cash savings and stock market savings and a home you own for security in USA. Surprised Canada still allows loan cost to change over time on homes.. They should change that, it's not fair and likely will cause foreclosures.

[@tombernard4612]

Thanks again for another very informative and very relevant video, especially for those of us living here in Canada. Indeed we are living in a bubble and I think things are going to change sooner than later with regards to that. In exactly the fashion you have explained with high interest = less demand. Or better said fewer people can afford to buy a house nowadays=less demand. Sometimes you just got to listen to the music , as the great Steve Miller said... "hoo hoo Take the money and Run" ;))

[@sct4040]

Before the pandemic, we have date night every Saturday. Now with inflation, we take out instead of eating in. The cost doesn’t make it worthwhile anymore. We still do go out for coffee, it’s a small luxury that we we can still afford.

[@ravendranrasalingam490]

Hi from Malaysia. Just turned 61 and retired a year ago. Have been following your programme for quite a while and am really happy that I am generally doing what you guys are doing in planning for retirement. Best regards

[@kenmcclow8963]

When I was younger I would listen to older people talk about “back in my day “ and now I’ve become them. I paid less than a dollar for gas, and I could get a couple burgers for a dollar, and cars only cost an arm instead of an arm and a leg. I marveled at my aunt and uncle’s super low mortgage payment, but now my mortgage for my entire house is less than rent for a tiny apartment with no outside space or kitchen. We have just gone through a period of increased inflation and now wages are starting to catch up. Although since I retired my pension doesn’t increase, but social security will when I’m older and my dividends will now. I remember how my parents complained about when interest rates went down and their investment income went down because they were in interest earning cash investments. Since cash hasn’t made any return for the last decade all my investments are not in cash, but some should be since I can now get better than 5% risk free

[@johnristheanswer]

Is that a new trendy young man you've pulled Tina , out there in Europe ?

[@mikedennington8856]

I don't eat the junk food so the price is something that does not bother me, its a killer anyway. Buy and cook in or eat out at cheaper places if you can. No way am I ever going to pay $7 for a coffee...............

[@wendylim1936]

Cheaper and higher quality food should be the way to go. One do not need to go to expensive restaurant just to enjoy some good food.

[@billbeard9588]

Yup! 2 medium meals at McD’s last week were $18.12. And it took 10 minutes. No need to revisit.

[@randymillhouse791]

Minus $15.00 for laxatives. At least it tasted better.

[@taffyalusa4642]

Where's all this money coming from, just watching news record spring breakers! In Florida. Concerts sold out, cruises sailing at capacity, roads and restaurants packed here, i don't get it!

[@williamlui8873]

Where is money from? I believe people are going crazy now. They forgot how to stay home and enjoy quiet time!

[@relaxgood5214]

I don’t feel so bad about the fast food situation. Fast food and processed food is not a good idea if you want to keep healthy in the long run. I should say food like substances.

[@kburkes4245]

I carefully tracked my expenses for two years prior to retirement, to make sure I could retire on SS and a part-time job. Well, inflation has blown that budget. I have cut my expenses but things keep going up! I will be ok, but it's scary ☹️

[@ryanchinh1040]

I retired at 35 years old last year 2023. Retired as soon as possible there is no guarantee you going to live until 65 years.

[@laurenu3159]

Thanks Tina & Norm! You have multi-generational fans here. My 93 year old mom and myself. Smooth 😊travels home and look forward to your next!

[@ThisIsOurRetirement]

Our pleasure! thanks so much Lauren say hi to your mum 🍷🙂

[@nev8365]

Actually the housing market, surprisingly,is starting to move up , they are Selling on an average of three to four days , I am enjoying retirement and I'm planning on keeping my house forever

[@davidbaillieul109]

I like the inflation hedge that our house provides, so we have kept it. We had right sized to a.small bungalow years ago and it still works for us. YMMV.

[@urbanoutdoorsman5654]

We retired two years ago and spend 2 months a year overseas. If you plan properly, it’s not hard to do

[@BoninBrighton]

We’re the same 2-3 mths abroad, not more as we love our English Spring/Summer time octave Nov-Feb

[@MrGearoid65]

Great to see you both looking so well. Your annual escape to Portugal really does you good. Making good investments is a great way to subsidize your expenses. Enjoy the rest of your stay in Portugal and safe trip home when you return to Canada.😊

[@susanseymour9838]

Thanks to you both

[@CA06917]

Thanks guys. Good info.

[@rozinant1237]

The 9% increase you both received this year on your CPP and OAS cheques will easy pay for the increased cost of a meal at McDonalds.

[@rustykatt3870]

I look forward to your videos, but none posted yet on a Saturday. Hope you guys are just busy and ok.

[@davidbaillieul109]

Our current hotel in Matosinhos is next door to a Pingo. Their lunch meal.is usually 5 eur each and quite good. No need to cook. We just pick up breakfast and evening tapa items to keep in the hotel fridge. Fruit 🍓 and vino are practically free here compared to Canada!

[@ThisIsOurRetirement]

Sounds great! Cheers David 🍷🙂🇨🇦🇵🇹

[@randolphh8005]

Eating fast food by choice in retirement is already poor judgement! Certainly at places like McDonalds, it is pretty crappy food. In Europe it is even worse since good fresh food is affordable.

[@davidthom9159]

Absolutely! I sometimes go to McDonald's if i'm rushed and have to wonder about the families i see there with two or three kids. Used to be a cheap meal out now would cost them over $50. Could make the same meal at home for around $15.

[@terryevp4084]

Greetings Norm & Tina. Many Thanks for this great information. I love Norm's Beard. Looks very nice on him. Handsome lad...!!

[@ThisIsOurRetirement]

Glad you enjoyed it have a great weekend Terry 🙂

[@sammie44]

Good morning Tina and Norm. 😊 Thanks for talking about this important subject of inflation and the unstable economy. Simply put, there’s just not enough money coming in to pay for essentials. It creates fearfulness, anxiety frustration, and insecurity. Living on CPP plus OAS isn’t working! Especially, if you’re a single or widowed person with monthly expenses. After paying the rent you’re left with about $300 to pay for food and meds.😔 🤷‍♀️ Saving money and living frugally before old age and retirement is fundamentally important any time, but, it is so true in today’s economy. Earning dividends that cover your expenses is smart. I guess the “trick” is knowing what to invest in. 🌟 Clock’s “spring” forward tonight! ⏰ Enjoy your week. 😊 🌷Sam

[@LowLightMike]

I appreciate the common sense approach of your videos, with all sorts of stories and issues that are relatable to many people. Greetings from Vancouver Island :) Thanks for your work.

[@rozinant1237]

Prices have increased 4% a year over the last 50 years. That Big Mac meal you purchased in 1974 for 2 bucks has now increased to $14. This is exactly the price it is at. You don’t see Boomers complaining about how unfortunate it is, that the home they purchased in 1974 for 60K, is now worth a million dollars?

[@johnballard6725]

I bought in scarborough next to toronto a small frame one bed house with basement for 32k in 1975 and on visiting canada recently was amazed it was being sold for 1 million !

[@JP-tq7ni]

Thanks. Gd point. Too easily forgotten

[@CogenMan3]

Another great video. And so true.

[@carolnavan4137]

Looking good you two. Another great video.

[@mattscotttravels]

Hey guys hope all is well. Eating out in Canada is cost prohibited now. Case in point gf and I had Burger King for first time in couple years. $35 for 2 whoppers, fries and drinks! Took her parents to Montana's last month, $170 for the 4 of us. No alcohol. Time to consider other options. Cheers.

[@JP-tq7ni]

You should be looking for coupons. Fast food outlets issue these coupons almost every week or so. Great dscount. But eating at home is healthier

[@Autonomous1969]

I'm in England and I know all about the fast food cost. I don't eat fast food at all. I cook everything at home. If I'm out I just fast until I get home. This isn't going to work when I start travelling though. I'll buy from the street vendors when I'm in Asia.

[@JP-tq7ni]

👏👏👏👍👍👍

[@CitizenTurtleIsland]

The only place I can grab a coffee without thinking of the price is Ikea's cafeteria. I just went to Starbucks for a coffee this morning. It's been awhile. I now can't buy a piece of banana bread or whatever to go with my coffee. That choice just went out of reach.

[@lotte7171]

I never eat out anymore. Love my own cooking! I never ate fast food and never will, ugh.

[@tombkk1322]

I’m living in Bangkok for 7 years and never cook Food is amazing and cheap.

[@Autonomous1969]

@@CitizenTurtleIsland I used to have the Ikea breakfast years ago.

[@nancyhalley79]

My home is Maui, Hawaii and prices here for food and housing is out of control. Young families are moving to other States. Rental prices for a 300 sq.ft studio are between $1500 and $2500/mth USD. The average home price now is 1.25 mill USD and this is a simple 1200 sq.ft, (no basements here). I think about selling my home (that has 2 rentals which helps with my retirement..and I've kept rates low because I have great tenants on fixed incomes), because it is nearly 100 years old and needs work, but wouldn't be able to buy a comparable property at these prices even if I sold for $1 million. A dozen eggs $8.99 USD. A hamburger from a takeout place, $15 USD or more. I've stopped eating out.

[@iniabellepaz445]

Hi Tina and Norm, you guys look great! Thank you for another great video! Stay well

[@user-ss7yf7ce9v]

We sold our home and now live in a beautiful new apartment. We are making more friends than ever thought possible. Houses are equity, like the stock market which can go down or up. As seniors we have never seen the opportunity of such a windfall. We now have more money invested than we will ever spend, even with the planned travel ahead. We no longer fear spending money. No more worry of replacing the roof, windows, basement leaks and all other maintenance that takes away savings. We now have fun money and no responsibility. My new word is “content”. By the way Norm, you are better looking, I am also bald with the goatee, so you help boost my ego, just a bit. Enjoy your travels, hope to run into you both.

[@caroleanne8529]

You have obviously made good decisions and done well. I don't know where in the world you are, but I wonder if apartment living in US would be like your experience. We fear that if we sell and move to an apartment (regardless of cost of rent) we would end up with a few people in the complex who would make it miserable for everyone else. We also fear that rent would drastically increase, as has happened where we live. Our home has high ceilings and it is a chore to even change a light bulb, plus the regular maintenance is getting more and more of a chore. Maybe that is why the homes of retirees who keep their houses end up being a "fixer upper" for their heirs to deal with.

[@oldbloke204]

@@caroleanne8529 We're in Australia and you would have to think very long and hard before taking this path here. Rental stocks are at all time lows in most places and rents have skyrocketed as well. I've seen plenty of stories of rent going up hundreds of dollars a week. 2 of my mates rent in a near city regional area near us. 1 thought he was going to be turfed out of his place a while back and basically sold most of his stuff in preparation for that. He ended up staying but it was extremely stressful and he is in his 70's. The other one is having to go as the place is being sold mid year. He is nearly 70 has cancer and only has a pension as income. His rent, if he can find a place, will likely be nearly triple what it is now. We could make a very handsome figure if we sold out place but it's absolutely the last thing I would consider tbh. Plenty of talk of a stockmarket crash, severe recession etc etc so all of that invested money could disappear very quickly. If that was to happen it would hurt us financially but we would still have secure shelter, fruit and vegies from the garden, rainwater, firewood etc etc.

[@user-ss7yf7ce9v]

@@caroleanne8529 First is shopping before you sell. In our case a new building was built not far from home. We saw the model suite, 2 bedroom just under 1500 sq.ft. And not cheap. We put a down payment to hold the apartment until it was finished being built. We were prepared to lose the down payment if we could not sell the house for an acceptable amount, which was based on calculations of how much we felt we could live on based on investment experience. Like the stock market we bought low and sold high, giving us more money than ever dreamed of. Increase in rent is not a concern as we can’t spend the interest in a year. We planned for over a year and watched markets daily. Our timing was perfect. So few people plan or shop around even in other areas but if you fail to plan then you plan to fail. We have a billiard room, pool, theatre room, exercise room and a rooftop community room, rooftop barbecue, with outside seating and tables. Don’t miss the house at all, we are 72 and 71 and are planning the rest of our life with travel and adventure, after all in the end all we have is memories. Good luck to you.

[@BoninBrighton]

I had to check to see if I’d written this and forgotten about it…. we’re the same with much reduced maintenance costs no DIY no chores and a beautiful new apartment!

[@eh6454]

Always enjoy your videos and value your input, Norm and Tina. Your lifestyle certainly agrees with you both! Greetings from the motherland 😊🇬🇧

[@heliaandrade146]

Hi Tina and Norm … by the way you two look amazing… Portugal agrees with you. I live in Winnipeg, had an idea of what I would do in retirement, looks like its not going to happen, I live s very frugal life , don’t eat out, don’t eat meat, I feel the government is squeezing us out…I heard the saying “ you will own nothing and be happy” I don’t think so. I don’t know what else I can cut out .., anyways thanks for the great video as always.❤️

[@ScubaSteveCanada]

Yes, the current Federal government does not care about the average Canadian but there is something you can do about it. Vote out the coalition in our election next year. Make them pay for all the negative policies they have implemented that harm Canadians.

[@verabrunobossio2857]

Please..DON'T give up!

[@nzrdb6]

Warm greetings from Scotland. Really enjoy your content, especially your Algarve ones. You two are the loveliest couple and have a wonderful chemistry together. Best wishes to you both

[@artsmith9300]

Norm &Tina- love your videos and your great personalities. Stay well! Art New Jersey

Good discussion guys. Stay safe

[@candyboyer]

Looks beautiful there, thanks for all the advice & knowledge you share as you go. That goatee looks AWESOME Norm - Keep it! 😊

[@ThisIsOurRetirement]

Thanks 👍

[@johnnyboyvan]

You both look 👀 great. The sun does wonders, eh? I bought my condo at 190k and it is now worth almost 1 m. Pure insanity!!

[@sct4040]

I would sell it and move. 1 million can go a long way. Peace✌️

[@sjwitts1]

Thanks!

[@ThisIsOurRetirement]

Great to hear from you Stephen, thanks so much!

[@benyablonski6278]

Mar 16/23 Can't find your post, video? • Hope your Alright. Didn't get hurt, I'll. ~ Ben Y Vancouver ISLAND

[@greggrose6802]

Wendy's is cheaper than McDonald's and better food. For seniors citizens.

[@wendylim1936]

Senior citizens should not have to be worrying about where to get cheaper food. Perhaps, there should be a discount card for senior citizens where they can get discounts or reduced fixed price meals, if they wish to order take away or dine out anywhere.

[@wonderfulwenna2710]

Always look for your newest videos,always most relevant topics😊

[@ganderson158]

Just sold my house & bought a condo. Mortgage, debt free and extra $$ in bank invested. A big change. I question if I should have sold the house as values I think will rise. Interest rates holding. Good video. THX

[@brucebursey6676]

Love the goatee! Youthful look!

[@dianparrotta2118]

Great beard and of course discussion..

[@Travelalot04]

Really enjoy your channel….informative and interesting…thanks for sharing

[@desertfish6239]

I gave up McDonalds for about 6 months. I recently went while out running errands all day. It was awful and not worth the $8. I never noticed how salty the food was before.

[@ThisIsOurRetirement]

Guess you get used to it till you have a break 😂

[@caroleanne8529]

Plus, McD's puts sugar on everything - it keeps you hungry. Good thing you gave them up.

[@EmteeTeee]

Where's our friends Tina and Norm today ? :) Kidding !!! I hope you two are having a BLAST!!!!!!!!!!!!!!!!!!!! :) Your fan Mary from T.O !!! 😘

[@ThisIsOurRetirement]

Thanks Mary 🍷🙂

[@dalaov5258]

Depends on where you are in Canada. Yes, the housing market is a bit deflated but there are some areas and some price points starting to pick up...on the other hand shrinkflation is everywhere. You're correct about that.

[@ScubaSteveCanada]

Shrinkflation has been ongoing for at least the past 3-4 years. They keep the same package but make the portions smaller and now with inflation, the price is higher. Our Federal government can be blamed for the inflation since it's caused by printing money that can't be backed.

[@ftkinsella]

Looking good guys. Love the new look Norm! Cheers!!!

[@benyablonski6278]

Howdy Tina, Norm, Excellent topic & points you made. I was not aware of homes being financially surrendered. Very scary. That's certainly going to add to tge homeless situation.😢 ~ Ben Vancouver ISLAND

[@lw1405]

It isn't true, that's why. The rate is less than .20% of all mortgages are in arrears. We were far worse in 2009 at 0.43%. That doesn't mean there aren't potential troubles ahead this year for some people but there isn't an abundance of foreclosures. I am also in BC where you are and if any place is going to be impacted by foreclosures its here.

[@sjbutler2330]

Norm!, love your new look, beard and moustache! 👍 Hi Tina, good to see you too! I just once a while get a burger and fries if I have a coupon or if there is a special. Other than that, no way! 😟

[@13noman1]

Really rockin' that goatee, Norm!

[@badfinger61]

Great discussion Norm and Teen. Everybody is really feeling these difficult economic times. All this bad economic news has really thrown a googly at my retirement plans. I'm looking at the prospect of having to continue working. Not in my original plans!

[@rowdybush1]

What country are you in? The United States economy is doing rather well.

[@badfinger61]

@@rowdybush1 Not in Canada it isn't. 😐

[@brigittecrawley1872]

So agree all fast food places are over charging while they can. I find when we travel we have to go to grocery stores and pick up lunch meat and buns to eat which are better anyway. I hope this is not a long term scenario otherwise we will be out of money in a few years. The world is going crazy. Great video.

[@susandermond9254]

Liked the various locations! (Except the one with chain link and noisy traffic)

[@kmilton1593]

"Rent-controlled" properties are very hard to find. Perhaps it is cheaper to keep living in one's mortgage-free home, than go out and pay outrageous apartment rents? How well will bank stocks do with half the mortgages in arrears or needing to be "re-negotiated"? So i sold three of my Canadian bank stocks and only have Royal Bank shares, oils, and pipelines (for better or worse, who knows, but i think usa banks might go lower and wonder if they will drag Canadian banks a bit lower). I expect grim low income this year. Cheers to all.

[@DeanRamser]

We too are selling our condo to rent an apt. Hopefully using our investments to travel. And Norm's beard does look good!

[@path1400]

I come from a working class family who lived paycheck to paycheck in a rental. I was one of only 3 people in my family purchase houses. I put my son through university and I am going to leave my house to him when I die.

[@gerry2345]

I like this vid. Good insight. very good points.

[@paularmstrong8027]

Your looking good Norm

[@haroldlambert1991]

A very timely topic, thanks for discussing some of the dynamics. I'm coming up on retirement next year and have some real evaluations to do regarding real estate and business issues. I am fortunate to have done reasonably well but the future is somewhat unknown for many people due to rising costs and high interest rates. After COVID it seems to be increasingly difficult to get things done in CANADA. People are retiring and others just don't seem to want to "perform for the money" or don't have a helpful outlook. As an older person I see that there are many parallels to the mid '70s when as a wise WWII veteran said, "You pays your money and takes your chances!" Good topic for more discussion I'm sure.

[@ScubaSteveCanada]

Track what you spend today to live your lifestyle; each and every month. Do you want to maintain that lifestyle or eliminate some elements from it? That is how much $$ you need in retirement. Look at what you can invest in and if those investments will provide the $$ you need. If so, you are all set. If not, you either sacrifice part of your lifestyle or continue to work. As an example, when I retired, I knew I didn't want to set foot onto another jet in my life so eliminated those costs.

[@ritalangenfelds7801]

Why in the world would you as a senior/junior want to eat fast food in Portugal or anywhere else? I think that you need to think about going elsewhere in Portugal for the winter. Costs are much better near Peniche, Consolacoa, Ericera and the temperature is not that much different than the Algarve. We have done that for the last few years and have enjoyed our economical stays.

[@RetiredLovingIt]

Yes, McDonald’s prices here have skyrocketed. Food is one of our biggest expenses

[@markbajek2541]

.25 cent small coffees at the franchises around Elkhart, Napannee indiana.

[@sjwitts1]

Hi Norm and Tina. You are so right , things are so expensive and frankly I don't know how newlywed couples survive without some assistance. Personally, I have a vacation home in Arizona that I will be selling very soon ,as soon as Jerome Powell starts cutting the prime. BTW Mortgage prime states side is close to 8 percent !and it costs more to insure the house in Arizona than the one in Burlington Ontario. Very lucky , going on holidays in August to the UK, and if the banks keep increasing their dividends and the share prices bump up a wee bit, will be so fortunate . Thanks so much for the Saturday video, take care guys !!

[@ThisIsOurRetirement]

We have often thought of going to Arizona Stephen , it is on our bucket list , enjoy your weekend Cheers 🍷🇨🇦🍻

[@ScubaSteveCanada]

@@ThisIsOurRetirement A Canadian snowbird currently in the desert, near Yuma, AZ. Be prepared for anything from beautiful sunny days, to windy, cold, rainy days from late December to now, early March and a bit longer. Bring your winter wear and your summer wear.

[@wontbelongnow5567]

When your retired you shouldn't worry about money, only about if you've retired to late and you wont have enough time to enjoy what you like doing. Let the workers do the worrying.

[@debbiemckendry6666]

Lovin’ the beard Norm! Looks good on you!

[@DorenesFoodPrepResource]

Norm, no glasses and the goatee makes you look much younger. My husband and I were looking to take a long walk and grab a sandwich (we live in Northern California), a simple tuna salad sandwich was $17. Too high priced for my retirement lifestyle.

[@chrisevans7416]

Stopped at McDonald's in Canada 2 large fries over 10 dollars...the last time I will ever go back

[@sherylriehl1334]

Loved that beard Norm! It really suits you!

[@CarlasLovingWife]

Norm, the new look is fantastic. You look younger too! Oh, nice video as well.

[@ThisIsOurRetirement]

Cool, thanks 🙂

[@linguaphile42]

Thank you for calling out the folks responsible -- greedy companies who are making record profits. As long as our demand is steady, they won't bring down prices 😞

[@drewodessa2483]

I hope you're young. Inflation is due to unrestrained govt spending and Treasury having to issue debt to cover it. That devalues the currency aka inflation. When the debt is backed by nothing but unenforced promises there is nothing to slow down the rate of debt issuance meaning inflation. Companies are like people, they are the users of currency. It's govt policy that controls the value of currency. Visit Venezuela or Cuba. Weak and few corporations, strong government and hyper inflation from irresponsible fiscal policy. Take your time. You have decades to figure it out.

[@linguaphile42]

​@@drewodessa2483 Yeah, senior citizen here, who has heard over and over how our debt will crush our children's future, but I only hear this when Republicans lose the presidency. Then they immediately start yelling about debt and how we can't pass an infrastructure bill or do any investment that actually goes out into the economy and builds it up. High prices are found in a few places, not everywhere, and that's due to corporate greed. Inflation was a problem all over the world after Covid, and the U.S. fared way better than most countries even though we did massive investments in our country, so your theory is not borne out.

[@mrspunk61]

@@drewodessa2483So true, do you ever really remember anything coming down in price? Sure we can get some ups and downs just like the stock market but fiscal policy has basically ruined everything and now the debt is like a runaway train at least in the U.S. Government is not our friend, they pretty much use the public as their slush fund . Every business is forced to raise their prices as the value of dollars continues to slowly evaporate and all their costs just like everyone else's continue to go up. I don't see how we can reset at this point, I pray my kids can make it through their lives and everyone else

[@christopherprice3226]

Norm dig the mustache you look younger. Tina you look great after getting some sun and holiday. Love you guys, you feel like family.

[@waffles1ca]

McDonald’s? Seniors would be better off staying away from fast food or fat food as I call it. Interest rates, when my dad retired he could get 10% on a GIC, he and my mom had a great retirement because of that. Bonus my mom cooked so no fast food. Note when you use the word “apparently “ it’s likely a rumour . House prices are very stable where we live.

[@keepcreationprocess]

nniccee -- you 2 are enjoying the outdoor sun --- you deserve it....

[@kenjishab]

Norm, the facial hair looks awesome. Good look for you.

[@vicgill1980]

Sadly missing out on some Amazing snow days back home

[@robert3987]

The costs of foods in Australia are through the roof - sometimes a real rip-off. For example, a 1.25 litre of sparkling water in the local supermarket is $AUS 3.25! Beer has shotup at public bars with excises up twice each year. You're lucky with rent control. Sydney property prices probably won't fall with the current huge immigration numbers and very limited housing.

[@stevenhull5025]

Health statistics tells one the western diet is causing a multitude of health issues. If one wants to splash out on fast foods, processed foods and all those "dead" foods lining the supermarket shelves then expect to eventually become a health statistic. At age 70 I was diagnosed with hypertension and pre diabetes. After some research I changed my diet and cut out all grains, sugar, processed food, vegetable seed oil, fruit (sugar) and vegetables (oxalates). I was 88.7kgs and now at 71 I am down to 76.2kgs. My "love handles" have disappeared and so has my protruding stomach. In a typical week my food bill is just 32GBP and consist of 15 eggs, chicken thighs, 1kg braising steak (chuck), 3 tins of sardines in water, lambs liver, 20% fat ground beef, bacon, goat cheese, butter, salt and daily, 2 litres of water. I sleep more soundly, I feel better and I look better. McDonalds cook burgers in seed oil (and so do the majority of restaurants). Heated seed oils are high in Omega 6 fats which has been proven to promote inflammation. Good luck with your next Big Mac.

[@ThisIsOurRetirement]

McDonald’s don’t use oil to cook their burgers

[@user-ic4wk3nb2m]

Your new look suits you Norm, looks almost pretty good :)

[@lilybee_]

Eating out anywhere has gotten expensive! We eat at home as much as possible. We got very lucky and downsized right before interest rates shot up in 2021. We built a new home so expensive maintenance will be years away. I retired in 2021 also. We've been able to keep our expenses down and are so thankful we aren't renting or trying to buy a home now. Our home value has risen 35 percent and rent is much more expensive in our area.

[@GLOBALSTRIDE]

Looking good, Norm! Man from La Mancha? 🤔Fast food in Brazil it is more expensive than going to a restaurant and buying food by the weight where they have close to 30 varieties of food and salads. I still remember paying around 20 cents for burger and 15 cents for fries at Mac Donald in the early 60's. But at that time I was making $2,00/hr. Have a great weekend. FYI, this is Tony... new logo.

[@romanhollow2985]

Looks like you're doing well, though. Great.