Posted on 10/15/2007 2:18:55 PM PDT by trumandogz
WASHINGTON — The nation's first baby boomer applied for Social Security benefits today, signaling the start of an expected avalanche of applications from the post World War II war generation.
Kathleen Casey-Kirschling, a former teacher from New Jersey, applied for benefits over the Internet at an event attended by Social Security Commissioner Michael Astrue. Casey-Kirschling, who now lives in Maryland, was born one second after midnight on Jan. 1, 1946, making her the first baby boomer — a generation of nearly 80 million born from 1946 to 1964, Astrue said.
Casey-Kirschling will be eligible for benefits after she turns 62 next year.
An estimated 10,000 people a day will become eligible for Social Security benefits over the next two decades, Astrue said.
The Social Security trust fund, if left alone, is projected to go broke in 2041, though Astrue said he hopes Congress will address the issue, perhaps after the 2008 presidential election.
What do people born after 1960 have in common with “Baby Boomers”? I resent being lumped together with them.
Was your dad a WWII vet?
Yeah, if not, it doesn;t make sense.........
Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) including all the spending previous generations are doing that Gen-X and Y will end up paying for.
Freep mail me to be added or dropped. See my home page for details and previous articles.
I was born in the 60’s and my dad was a WWII Vet.
Does that make me an official Boomer?
Yeah, if not, it doesn;t make sense.........
No, my father was 17 when the Korean War started. By the time the Korean war was over, he had graduated from college.
The ping list will be along shortly to tell you what a blood sucking parasite you are and why you shouldn't even exist.
Since I was born in June '45, I'm not a "boomer" but I still think it's ok that you were born. Isn't that generous of me?
I'll be 86 if I'm still alive.......
So do I (I always have.) And I was born in 1956.
This system should go belly up before I hit 55.
It means your dad was born after Shemp replaced Curly, but before Mickey Mantle's rookie card. /sarc
What is the “trust fund”? It’s my understanding that in 1968 social security revenues were first lumped into the General Fund (an accounting sleight-of-hand trick) which made the budget look as if there was a “surplus”.
In any event I doubt at this late date there is any “trust fund” other than nominal IOUs.
Well, I was born IN 1960 and dad was a WWII vet. Am just trying to figure out how to prepare as I’m on the tail end of the whole thing. By the time I was ready to buy a house the prices had gone up quite a bit due to the boomer presence. I imagine health care and old-age issues will be wise investments now - but then to pay for them for myself in 30 years.
I don’t plan on seeing any of my SS though. Between paying for my grandmother’s SS (who never paid a nickle into it) and funding the boomers I knew it was a losing proposition ever since I started earning a paycheck.
I agree. I was a 61 and I married a 69. I've always felt more comfortable with the X'ers.
Let’s see... Peering into my crystal ball....
I see the fedgov telling me in about 15 years, “You know, that 401k and IRA you have been building because you just KNEW that SS would go belly up. Well, there are a bunch of you out there doing this and, gosh darn it, you guys (and gals) have a bunch of money in your accounts. Tell ya what we at the IRS and SSAdmin are going to do. We are going to place a 50% tax on the amount of your account and roll the rest into a SS account, how does that sound?”
“Hey, cmon we have to buy the senior vote somehow. Cant cut their benefits and we have already increased the SS tax to 20% of your gross.”
.... end prediction.
Now tell me - am I paranoid or Karnac?
The treason party is waiting until they have functional majorities in both houses and the presidency, then they’ll remove the cap on earnings subject to FICA payments, implement a means test on pay-outs, and raise the retirement age to 75. Net result is the people who contributed the most will probably end up with nothing or much less than they expected.
I was born in 1961. My dad was 8 when WW2 started. I’m wondering why I am a boomer also.
Wow, I was born in Sept 45 and I always thought I was a boomer. Now I know I am deserving of my SS check and I don’t have to take all the boomer crap. Yea!!
You are correct. The “trust fund” has been raided routinely for over 40 years by spendthrift Congresscritters of both parties. They have done the most disservice to us as a way of buying our own votes with our own money..............
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