4 ms·
Great observation, however Social Security only has 11 years before the system as we know it today has to cut payments [1]. I too would love to know the breakdo
by jmoak3 4y ago
Great observation, however Social Security only has 11 years before the system as we know it today has to cut payments [1]. I too would love to know the breakdown of the 200k.
Even with Social Security payments however I still think a sharp fall in home prices or stock prices would be catastrophic for the retiring generation.
[1] https://www.washingtonpost.com/business/2021/09/03/social-security-insolvency/ https://www.washingtonpost.com/business/2021/09/03/social-se...
[1 skip paywall] https://archive.ph/OaBIv https://archive.ph/OaBIv
EDIT: changed social security going from "bankrupt" to "cutting payments"
- thebean11 4y agoThere's a second option where they just raise social security taxes or inject other tax revenue into it. I think that's more likely, cutting payments seems politically unfeasible.