My father was a pensioner (May his soul rest in peace). He received P3,500 monthly from SSS and spent 2000 weekly for meds only.
My mother, a retired teacher, even worked on Saturdays and Sundays (as most of the teachers here do). Her pension from GSIS is around 7k monthly and spent 5k for meds excluding supplements.
I believe that this is the typical and expected life of people working for others.
😢
!PGM !LOLZ !BBH
Our generation and our kid's generation will cover their expenses, that's why we end up as the retirement fund. This is a generational problem with wealth inequality and our financial decisions now have a great impact to our grandkids. The lie is that our pensions would cover our daily expenses but these pensions were estimated with living conditions decades ago, they didn't foresee how bad the impact of inflation is right after the crises of 2008.