I'm in the tail end of the 'boom', and I doubt I'll ever get a dime back.
Life ain't fair, and people should be aware of that.
As for getting it all back in 2 1/2 years? No, not even close.
I'll work 'till I drop anyway, and if Obummercare goes through, only remarkable health will let me live much past 70 or 80 anyway, even though I have relatives well into their 90s.
It all depends onage. Like all good Ponzi schemes Social Security has stretched so long many of the early ‘investors’ have been handsomely cashed out and are now no longer with us.
If you are at the end of the boomers, you would be fifty or so. That is almost as bad of a position as being in your mid thirties to forties.
I understand cpompletely what you are sayin. Social Security should be entirely ended as we kno it, but it is too late for most of us.
I have paid in well over a hundred thousand dollars and that doesn’t incl;ude my employers. I have topped out many years botha s an employee and as self employed. Self employed hurts more, even though the money is the same regardless.
The point to the graph is that the older generations loose their jobs less frequewntly. Many are recipoients of both private and public sector union benefits as well as EEOC rules pertaining to age discrimination.
I have grown to be quite callous about the older generation, particularly ‘the Greatest Generation’ after all they brought us FDR, LBJ, and Carter. They did alot of dammage to the future, as wel;las many great things.
Of course we are all victims of our own time.