[oh8eleven]

The biggest problem is how do you tell someone who has paid into this system (against their will) that they don't get paid?
That hasn't happened and I doubt it ever will.
The SS program may be phased out, or modified, but refunds and/or credits for the new system will ease the transition.
I also don't like the idea of any retirement program being mandatory, but look at how many still complain that their "meager" monthly SS check is all they have in life.
Well, if you worked your entire life and that's all you have to show for it - too damned bad.

[Dengar01]

Well, if you worked your entire life and that's all you have to show for it - too damned bad.

Bingo!!! Sadly, many of my customers at my store have been laid off and are in their 40s. And not one of them has savings. I was stunned.

It is amazing the mentality people in this country have that everything will be rosy and they don't need a back up plan.

Any historian or economist can tell you the economy is cyclical. Recessions / Depressions occur usually on a 20 year basis.

But I don't understand why so many think they don't need to have savings! I've been struck by deaths in the family and many other unforeseen events requiring money. I just don't understand how people don't save money, life isn't going to be a perfect journey that is predictable. There will always be bumps in the road and you never know when they will occur.