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All my working life, I've assumed I would never collect on SS because it was obviously going to fail, so my "contributions" might as well have been tossed into
by HankStallone 1y ago
All my working life, I've assumed I would never collect on SS because it was obviously going to fail, so my "contributions" might as well have been tossed into a fire. It's kind of amazing that they've kicked that can long enough that it's starting to look like I might get a little back after all.
But I still figure the Boomers will bankrupt it just in time for the checks to stop around my 62th birthday, or maybe that's when they'll start bumping the age up to stay ahead.
- throw__away7391 1y agoCovid messed with the math a bit, but it’s amazing how precisely it was designed to run out of money. My entire life since I was a kid people were talking about how it was going to run out of money but none of them did anything. Now that the boomers are retiring, now they will talk about removing the cap, raising rates, lower benefits for future recipients, but they have made damn sure that their own benefits are guaranteed and that they never had to sacrifice anything to pay for them. I remember when Al Gore talked about setting the surplus aside to fund future benefits in 2000 and everyone laughed at him. SNL made fun of him. Instead they voted to cut themselves a check and added more benefits for themselves for their children to pay for.