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“contrary to a common misunderstanding. In 2035, if nothing else is done, the program could pay 80 percent of scheduled benefits, mostly out of workers’ ongoing
by smugma 3y ago
“contrary to a common misunderstanding. In 2035, if nothing else is done, the program could pay 80 percent of scheduled benefits, mostly out of workers’ ongoing contributions, a figure that would slip to 74 percent in 2096”
https://www.cbpp.org/blog/social-security-is-not-bankrupt https://www.cbpp.org/blog/social-security-is-not-bankrupt
- IG_Semmelweiss 3y agoThanks for the 5% correction. I'd have to research more to be sure, but I'll give you the benefit of the doubt. My point remains, to be in support of defined benefits, you must not be OK with unilaterally changing the de-facto definion of defined-benefit for SS? How is it OK to literally pull the rug under people that paid - all their lifes - with the promise to get X on retirement, and will now get X-Y instead ?
- IG_Semmelweiss 3y agoactually, you are not correct either. The exact figure is 77.5% https://en.wikipedia.org/wiki/Social_Security_(United_States) https://en.wikipedia.org/wiki/Social_Security_(United_States...