"And what was the percentage of those geezers' paychecks that went into raising you?"
Actually, it's their grandparents they're paying that 15% to. Few boomers have retired yet.
But, here's the cry:
"Waaaah....we gotta help support our parents and grandparents when they get old. That sucks. I wanted to buy a new car and a new boat....Waaaah!"
There's a commercial that's been running recently. Some dad talking to his daughter about him and her mother making plans for long-term health care (a wise decision). But, the daughter responds by saying, "That's good. Mike's parents (her husband) didn't have a plan and now it's on us."
Everytime I hear that commercial, I want to smack her. That's the GenX attitude for you.
"Waaaah....we gotta help support our parents and grandparents when they get old. That sucks. I wanted to buy a new car and a new boat....Waaaah!"
How about fixing the 7 year old car, buying groceries, and figuring out if there's enough left to put any in the savings account this pay period. For some of us it's not about extravagance - it's about need.
You all think we're being selfish? Who is going to take care of us when you're all gone, and we have no Social Security even though we've paid in all our working lives, and then our kids will have to take care of us. You'll draw your checks and not worry about what is to come after your gone -- that's what I call selfish...
Perhaps if we start thinking about future generations and somehow take the lumps between the two of ours we can end this BS program.
I'm willing to give up what I've put in so far - are you willing to give up half of yours to end this ponzi scheme?
Perhaps from here on out we should take the Social Security payments and give them out on an as needed basis, and then phase it out over the next decade or so. That's the only solution I can possibly see.
WE NEED AN EXIT STRATEGY FOR SOCIAL SECURITY!!! LOL