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I am in no way a social security expert, but I'm concerned that this article missed several key points that feed the pessimism. I rarely see them addressed else
by zelon88 7y ago
I am in no way a social security expert, but I'm concerned that this article missed several key points that feed the pessimism. I rarely see them addressed elsewhere, either.
Here are my concerns, and why I don't have faith in Social Security.....
1) Retirement age is going up. I probably won't be eligible until I'm 80.
2) Life expectancy is going up. Grampa will probably exhaust his SS before he passes away.
3) More and more doctors are putting too many underage work-eligible people on disability/SS just because they can't find work/aren't productive employees. This breaks the work/eat feedback loop that everyone else relies on.
4) My current contribution level won't mean shit in 50 years after infaltion.
When older generations complain I usually use the joke "Yeah well at least you're gonna be able to collect social security. I'm never going to retire." It's a lighthearted joke but I am 100% convinced that it's going to become reality.