Most retirees know exactly what they are getting monthly with pensions, and social security. Unfortunately, that isn’t the case with me.
The largest one from England, Len’s 40 years pension, and my 25 years from the government was around $1,200 a month when he passed, 19 months ago.
Now the pound is down from $1.60 to $1.11, which I have never seen before. This drops my English pension by between $275 and $300 a month.
Luckily, I do have other income from here, the U.S., but how would I manage if that was my only source.
susiesopinions 
The economy is in shambles. On the bright side, it’ll eventually recover.
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Things in the UK are in a tough spot. I hope the new Chancellor will do better.
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It’s bad here so surprised that the dollar is so strong.
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Hopefully, but every month it goes down more.
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Beginning to think I’ll never be able to retire. I’ve lost 1/3 of my retirement fun with this current administration. 😱
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Unfortunately a problem for many retirees who no longer live in UK.
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Wow, that’s quite a drop. I know someone who’s looking to rent a room, if that would help. 🙂
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We’ve been dealing the the same type of “exchange nightmare” for years. It boggles the mind and the pocketbook.
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This affects my budget. I wouldn’t mind if it was just holidays.
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No, I put away money all my life, and have enough in this country. I was always thrifty.
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Good for you! By the way, do you happen to know of anyone looking to rent a room? My mom recently returned to the area and is looking for a place.
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How is the £ against the €?
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Oh boy. My investments have caps on the high end, and a 20% cushion when down.
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I had one girlfriend who was thinking about it, but it is really hard to get people out once they have ‘residency’ in your home. Stops many from doing it.
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I don’t think she would have to worry about that in this case. My mom is 82 years old and just looking for somewhere to be for now. She’s usually gone most of the time during the day because she just can’t sit still. So she would likely be no problem at all. If your friend is still thinking about it, you can give her my contact information. Just let me know and I’ll pass it onto you. She could meet my mom and see for herself if she thinks she wants to take a chance on her. Just let me know. 😊
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The place is falling apart. The worst governments ever at the wrong time.
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So sorry 😞
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Okay 😊
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❤️
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Similarly weak
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We have had such ludicrously low interest rates for years and now everyone is up in arms that they have finally risen, the dividend from my shares has been dreadful compared to what it used to be years ago. Sadly things will take a long time before we get over the cost of Covid and helping to fund the war in Ukraine.
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Hopefully, it will go back up sooner than later. I have lost money in my IRA with this administration. Looking forward to the ballot box!
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It seems to go down rapidly and like a snail to go up 🥲
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My investments are flat too, so a double whammy 😢
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😢
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Most of the world is experiencing some level of economic stress.
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I am really surprised at how strong the dollar is.
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I noticed that the pound is now closer to the dollar, and it is terrible that the economy is doing so poorly. I’m sorry your pension dropped, but that’s good you do still have another income there.
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I made sure of that and didn’t retire completely until I was 69. Just kept investing 😀
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