Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Sequoyah101
I had to post back to you because you made an interesting point I hadn't really considered regarding pensions and retirement. "Only that one little charmed generation enjoyed it and we will all pay for it for ages."

I can't recall anyone from the prior generation; before WW2 and the baby boomers who had a pension. Best that I can figure those folks were cared for by their children or perhaps if they had wealth were on their own.

30 posted on 06/30/2014 5:44:40 PM PDT by WhoisAlanGreenspan?
[ Post Reply | Private Reply | To 17 | View Replies ]


To: WhoisAlanGreenspan?
I can't recall anyone from the prior generation; before WW2 and the baby boomers who had a pension. Best that I can figure those folks were cared for by their children or perhaps if they had wealth were on their own.

The Social Security Act was signed by FDR on 8/14/35. Taxes were collected for the first time in January 1937 and the first one-time, lump-sum payments were made that same month. Regular ongoing monthly benefits started in January 1940.

Yes, families took care of the elderly unless they were wealthy. My grandparents took care of their parents, and my parents took care of their parents. Now, my children are so hard pressed to make ends meet they can't take care of us, so we both still work at age 80. I pray that this young person does not have to face the hard facts of life.

35 posted on 06/30/2014 6:09:26 PM PDT by WVNan
[ Post Reply | Private Reply | To 30 | View Replies ]

To: WhoisAlanGreenspan?

Yes, most people don’t think of this or realize it.

A pension is from the 50s and only the Greatest and Silent Generations and lost of civll servants enjoy them. The rest are left to do the best they can.


41 posted on 06/30/2014 6:47:36 PM PDT by Sequoyah101
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson