If the social security system was still a viable option, then WHY is this year's annual report that is due every April 1st, still missing?!
When SS started, there were 40 people paying in for every beneficiary. NOW, it's less than 3 people paying in to cover every beneficiary! Also, the retirement age then was 65, and the average life expectancy for men was 64! NOW the retirement age is 67, and average life expectancy for men is 72--and SS now covers spouses, children, and the disabled from the age of 18, etc.
In less than 5 years the first big round of Baby Boomers will be retiring which is bound to tip the scales further.
There is no "special fund" that has been put aside for SS--payments come from the general ledger--which as you know, is not looking to healthy these days!
If anyone is interested in just how close means testing is to fruition with Social Security through the debt commission.
Answer by jewjewbee at 10:26 PM on Jul. 17, 2010
Answer by 29again at 9:40 PM on Jul. 17, 2010
Love your link. LOL
I have been getting my SS check for 16 years this November, will be 82 years old.
Good luck to you younger ladies, hope you get yours, but set some money aside every month just in case.
Answer by Natesmom507 at 11:52 PM on Jul. 17, 2010
Answer by m-avi at 8:21 PM on Jul. 17, 2010
Answer by valos3942 at 9:06 PM on Jul. 17, 2010
Answer by jewjewbee at 10:01 PM on Jul. 17, 2010
Answer by Carpy at 11:15 AM on Jul. 18, 2010
Answer by Sisteract at 9:09 PM on Jul. 17, 2010
Answer by Izsarejman at 9:57 PM on Jul. 17, 2010
Here's one link, I'm trying to find just who it is that wants to impose the means test.
Answer by jewjewbee at 10:18 PM on Jul. 17, 2010