It's a funny subject,everybody I have talked too under 40 loves it. Everybody over 40 is scared to death of it.
I am 52 years old, and I'm all for it. I do not wish to burden my children or grandchildren with supporting me or anyone else in my retirement years.
I'm 59. I'm ticked because personal accounts as a part of SS were not started when I was young. The Dems have held on to their sacred cow way too long. It's time to change the current system.
Actually, I'm over 40 and I love it!
I'm 52 and might actually be slightly hurt by it, but I'm all for it as the right way to go.
Not even close to reality. Try again.
41, and hope it passes!
On one hand, I've got 14.2% of my income "invested" at a promised return of about -1%. To make matters worse, it's invested in treasury notes--IOU's, not hard assets--that will be worthless in 2018 unless they change the payout structure (read: higher retirement age or means testing) or raise the premium.
On the other hand, I could take my 14.2%, or even 1 or 2%, invest it at market rates, and expect to do much, much better. And, to make matters even better, if I drop dead at 65 years and 1 month, that money becomes inheritance that I can pass on to my wife and child. Social Security loves it when people die early...they take that money and plow it right back into the system.
Whatever the democrats say about 2042 or 2052 as the bankruptcy point is smoke and mirrors. Since the Social Security premiums are being passed right through to the general fund--in exchange for IOU's, the critical date is the date that the payouts begin to exceed the premiums. 2018. Period.
further proof the dims can divide and subdivide us into
niche class warriors rather than Americans .