3 ms·

Should I give up on any chance at social security in 40 years?

• dpkirchner 2y ago
  No. It won't go away entirely. Plan on getting at least 70%, and vote to get the full amount.
• OedipusRex 2y ago
  2035 is in 11 years.
  • smeej 2y ago
    Yeah, but the trust fund's running out doesn't mean there are no benefits anymore. It just means the only funds to pay them come from current payroll taxes. The trust fund can no longer make up the shortfall. SS may very well survive at reduced benefits a lot longer than 2035. Whether someone should give up hope of any benefits in 40 years is a fair question.
    • OedipusRex 2y ago
      Somethings got to give if SS dries up, what that is I do not know. I have hopes for a more robust, more ahem socialized healthcare system, but that doesn't seem likely with current trends
      • smeej 2y ago
        As long as there are workers, it doesn't dry up entirely. I guess the problem then becomes the fact that U.S. fertility has already fallen below the replacement rate.
• lisper 2y ago
  Yes. Worst case you will be pleasantly surprised. Personally I would be thrilled if civilization survived another 40 years.
• metabagel 2y ago
  No. Government needs to shore up the funding for Social Security. Although, it’s hard for the government to do anything meaningful when Republicans are in a position to block it.
• Ekaros 2y ago
  Very unlikely. Plenty enough 70 year olds can still do enough damage... So no payments is very unlikely situation. What I would expect is much lower standard of living and maybe not getting the most expensive medical treatments. Specially later I think is something that as society we have to accept. You can not keep everyone alive as long as possible. On other side, with AIs and lot of drugs becoming generic we might be able to medicate affordably for quite a while.