2 ms·

I’m 40 and at no point in my life have I trusted that social security will exist for me or anyone beyond my generation so this is just more reinforcement of tha

I’m 40 and at no point in my life have I trusted that social security will exist for me or anyone beyond my generation so this is just more reinforcement of that You’re on your own folks

schrectacular 2y ago
And when it runs out, those of us who have made sacrifices now to provide for old age will be a wealthy, "privileged" target.
- presidentender 2y ago
  Those of us who have the foresight to make such sacrifices should also have the foresight to structure our investments to make them resilient against redistribution.
  - toomuchtodo 2y ago
    You can fight taxes, you can’t fight a central bank money printer that inflates it away. There’s only so many hard assets. Wealth is a shared delusion, and laws are mutable and a function of the times and zeitgeist. Keep this in mind.
  - Ferret7446 2y ago
    I suppose the "our" in that "our investments" is the socialist "our". Your investments? Nay, comrade. OUR investments.
- toomuchtodo 2y ago
  But only because there was no will to sacrifice the wealth of the wealthiest, all a fiction of effectively fancy spreadsheets. Surprised this would catch up with us?
- littlecosmic 2y ago
  Being in a position to make sacrifices for retirement can also be a privilege.
AnimalMuppet 2y ago
I have always expected nothing. But I'm 62 now, and it looks like there may be something there for me after all. For you, it's not looking great. But it has never looked great, and yet it's still (so far) paying full benefits. Don't plan on it, but don't be too surprised if you get something...
throw0101c 2y ago
> I’m 40 and at no point in my life have I trusted that social security will exist […] It will exist mostly intact, just not necessarily at 100% benefits: > If Congress does not act by 2035, the trust fund reserves are projected to be depleted. However, the income from Social Security taxes would cover 83% of scheduled benefits. […] > By the year 2098, when I will be turning 117, they project the tax revenue will cover 73% of the benefits. That’s a long runway to shore things up. * https://awealthofcommonsense.com/2024/05/is-social-security-going-bankrupt/ https://awealthofcommonsense.com/2024/05/is-social-security-... It was never predicted to go to zero.

I’m 40 and at no point in my life have I trusted that social security will exist for me or anyone beyond my generation so this is just more reinforcement of that You’re on your own folks

schrectacular 2y ago

And when it runs out, those of us who have made sacrifices now to provide for old age will be a wealthy, "privileged" target.

presidentender 2y ago
Those of us who have the foresight to make such sacrifices should also have the foresight to structure our investments to make them resilient against redistribution.
- toomuchtodo 2y ago
  You can fight taxes, you can’t fight a central bank money printer that inflates it away. There’s only so many hard assets. Wealth is a shared delusion, and laws are mutable and a function of the times and zeitgeist. Keep this in mind.
- Ferret7446 2y ago
  I suppose the "our" in that "our investments" is the socialist "our". Your investments? Nay, comrade. OUR investments.
toomuchtodo 2y ago
But only because there was no will to sacrifice the wealth of the wealthiest, all a fiction of effectively fancy spreadsheets. Surprised this would catch up with us?
littlecosmic 2y ago
Being in a position to make sacrifices for retirement can also be a privilege.

AnimalMuppet 2y ago

I have always expected nothing. But I'm 62 now, and it looks like there may be something there for me after all. For you, it's not looking great. But it has never looked great, and yet it's still (so far) paying full benefits. Don't plan on it, but don't be too surprised if you get something...

throw0101c 2y ago

> I’m 40 and at no point in my life have I trusted that social security will exist […] It will exist mostly intact, just not necessarily at 100% benefits: > If Congress does not act by 2035, the trust fund reserves are projected to be depleted. However, the income from Social Security taxes would cover 83% of scheduled benefits. […] > By the year 2098, when I will be turning 117, they project the tax revenue will cover 73% of the benefits. That’s a long runway to shore things up. * https://awealthofcommonsense.com/2024/05/is-social-security-going-bankrupt/ https://awealthofcommonsense.com/2024/05/is-social-security-... It was never predicted to go to zero.