Response to Social Security’s Go-Broke Date

Truth in Accounting ^ | 20 June 25 | Truth in accounting staff

[oldtech]

I rather look at this as perhaps the president has some changes in store for S.S. as were presented here. There are some who absolutely are only able to subsist through S.S. There are others who, though they may have paid in a lot, do not depend on them. It may come to reducing payments to some. I think I can safely say that for those who depend almost entirely on S.S. payments that are collecting at nearly the bottom of the scale that there isn’t a lot of choices left that won’t hurt them badly. If you are living only on S.S.payments, & even if you owe nothing other than normal operating expenses, own your house & car completely, you haven’t got much room to spare. Not receing any S.S. payments at that point would put you in an impossible bind.