Quote:
Originally Posted by moodyblue83
Social Security is a misnomer as no one is expected to be able to LIVE on SS alone. The whole thing needs to be revamped.
BUT that is going to be very hard because SS is a cash cow for the government. It used to be most of next generation relied on inheritances , ( still is in many cases ). Then there used to be a middle class that busted their butts for a company that paid well and gave their workers good benefits, ( like retirement funds , health care , stocks and whatever ). Now you have a basically part time work force so that the employers don't have to give them benefits . The "middle class" is disappearing. So you either got it or you don't. The educational system in this country is in the toilet. NO ONE should be starving in America ! ETC....ETC.....
As long as human beings are around your going to have many many problems, and SS is influenced by human nature.
(BTW: There's no way you can talk about SS and leave politics out of it.)
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I agree. SS was just intended to help out the elderly, not be their sole source of income. Many companies now, though, are doing away with benefits even for full-time workers. My younger son (now 30) has been saving for his retirement years, anticipating no government benefits by the time he reaches the time when he has to stop working. He actually hopes to retire early!