[tortoise]

They have paid into social security and have every reason to expect to collect what they have paid in, IF they live long enough.

Unfortunately, they collect far more than they paid in at the moment, so pretending like they are not taking money from the pockets of younger generations is disingenuous. Fortunately, this situation is only going to get worse, hopefully killing the whole thing sooner rather than later.

Everyone worried about older generations "getting theirs", ignoring that the younger generations will both pay far more and get far less if anything at all. Everyone has excuses for why they are not responsible for their own security, but very few are willing to do the minimum to take responsibility for the same. It is only going to get worse until people face up to this problem. People always have a choice, even if it is between nothing but different bad outcomes, and they should take responsibility for them.

[CindyDawg]

It doesn't bother me paying SS taxes. My mom, dad, and MIL draw. It would be nice to get back what I have invested with interest but the system just can't continue as is. Maybe it should be capped at what you deposit. I liked the idea of private banks. Anyway, for the ones that paid , thinking it was safe retirement, we should give them the benefits promised. The rest of us that still have time to make other plans need to know though. I was reading the post about stolen SSN of kids and passed on family members. Maybe this is a reason why our government is dragging their heels about immigration and would rather do an amnesty.

[Cvengr]

On the bright side, at least he'll finally be able to retrieve some of that unemplyment insurance he's paid into for so long.