“Another dire problem for Social Security: Trustees may be calculating the birth rate wrong”. As long as I get paid until I die, paid into it for a long time.
But you didn’t pay enough to afford what you’re being given now. That’s the problem So you’re just stealing from subsequent generations.
Those born after 1975 face a negative return dollar for dollar on their SS ‘contributions’.
The moral thing to do would be to end the Ponzi, but the greed of the electorate will keep it going irrespective of the harm caused.
”I gotta get mine before I die!”
But it’s not really ‘theirs’, it’s somebody’s wealth they’re laying claim to…
There are a lot of us older GenX that are going to get absolutely screwed on this
I will have paid the max contribution for nearly 40 years by the time I am eligible—which is after it is projected to start going into default so frankly I don’t care if they turn it off completely today
The fair thing to do would be for the govt to figure out how much there is, how much they can raise and then figure out what percentage they can pay back to those who paid in at an average nominal interest rate—if it 10% or 50% or 100% after subtracting anything paid to recipients.
You can rest assured that you and all the other Boomers will all get paid until you die. The super majority of the Millennials, Generation Z, and Generation Alpha that your generation is impoverishing will have no hesitation voting for everyone your generation's early demise.