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Social security doesn't seem to work too badly (although the $500 listed in the article implies that the lady featured didn't put together a full career of anyt
by kingsuper20 5y ago
Social security doesn't seem to work too badly (although the $500 listed in the article implies that the lady featured didn't put together a full career of anything). It's certainly more sustainable than Medicare (US old-age health system for you furriners).
You could argue that a guaranteed income program consists purely of increasing the subsidies for SS and taking money from 'the rich', but that'll require more political will than exists.
An interesting situation that I see a lot of is folks who spent an entire worklife doing largely cash work (construction, waitresses, bartenders, business owners who never took a reported salary) who find themselves getting older with little money on the horizon. This is probably 50% of the people I know.
- alecco 5y ago> The report pointed to $52.72 trillion in unfunded Medicare benefits and $37.60 trillion in unfunded Social Security benefits https://www.accountingtoday.com/news/u-s-governments-financial-condition-worsened-by-8-16t-in-2019 https://www.accountingtoday.com/news/u-s-governments-financi...