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Social Security lifted the responsibility of saving for their own retirement. It's not much use to blame them for following incentives.

• lawpoop 10y ago
  You make it sound as if before Social Security, people saved for retirement because they recognized they had to. But of course they didn't-- because they didn't earn enough to save-- just like people nowadays. Social Security is insurance against destitution in old age. It really doesn't function to take away any saving incentive. It just keeps old people from being homeless and starving. http://www.wsj.com/articles/SB109520630433518093 http://www.wsj.com/articles/SB109520630433518093 http://query.nytimes.com/gst/fullpage.html?res=9B0CEFDE1E38F930A15752C0A9639C8B63 http://query.nytimes.com/gst/fullpage.html?res=9B0CEFDE1E38F...
  • deleted 10y ago
    [deleted]
• Spooky23 10y ago
  Good point. Those lazy bums can just sit in furnished rooms and sell apples in the street.
  • Jach 10y ago
    Um, what? (No seriously, wtf? Is this a reference to something?)
    • Spooky23 10y ago
      Should have included a sarcasm tag. Pre social security, it was common for the elderly to end up like that.