Not really, but that is the simple fact now. Something given by the Government is never taken back so we have to deal with it. There are some who just never made enough to save. Being a home care nurse, I see a lot of them. One man's wife was badly burned in a house fire. He gave up everything they had to take care of her...he lost his home, his job, everything. That was 20 years ago and he was never able to recover from that. If the money was used only for those that need it, we would have more than enough and probably a lot left over. The vast majority of Seniors in this country do very well.
I am a firm believer in get your butt out of the house and get a job! But when it comes to the elderly...it's just to late for them to correct their mistakes now. What are we to do? Let them starve? Believe me, many don't have kids that would take care of them. That's the way it used to be. One generation took care of the next. Sadly, that too, seems to be gone from our culture.
Medicaid....that's a whole different thing....