I get a little over $2k. Took care of business outside of SSI and it’s more than enough. So why does ANYONE need $5k per month? You all know the elephant in the room is showing up soon. So tell me-is this article a suggestion that cuts are in place or that(more importantly) MEANS TESTING is an option? I’ve got plenty of money just like the guys that’ll get the $5k/mo. Those that depend on it for 100% of their income are not gonna let us get away with ANY cuts.
Trump accounts will pay off 20 years down the road. That means we’ve got a 40 year-something window to get rid of SSI. My goal would be 2064 when the youngest baby boomer will be 100 years old and all dead(mostly). That means the next 38 years will force SSI to be funded from the general fund. Cut expenses somewhere.
If upon your death you could choose to give your entire estate to Trump accounts or to the general fund to pay current SSI recipients which would you choose? Just askin’.
ChatGTP
How many baby boomers will be alive in 2064?
Assuming you mean U.S. baby boomers (born 1946–1964), by 2064 they will be 100 to 118 years old.
A reasonable estimate is that roughly 100,000–300,000 U.S. baby boomers may still be alive in 2064.
Why not fund Soc SEC from the funds used for welfare and illegals. Those programs seem to always have enough...and no one paid into those...
Because they paid more and those are the terms?
Who are you to determine how much someone needs per month? I will get $5K+ per month if I wait until 70 to claim Social Security, and I earned it. And I’d like my money back.