There are a couple other very nasty provisions in the new law, but the basic story is that Congress, at the president’s urging (contained in his 2015 budget proposal) just cut many if not most Americans’ Social Security benefits by thousands to tens of thousands of dollars. Even worse, the new law will push many people to take their retirement benefits earlier and at far lower levels than they had planned.
The idea was to extend the time the system goes BK. Of course we do this while putting tens of thousands of people who never paid in a dime on benefits. If this government were in private business, every one of them would be in jail.
Wow...isn’t this special...
“Spouses as well as divorced spouses (who were married for 10 or more years) who reached 62 by Jan. 2 can still collect just their spousal or divorced spousal benefit between 66 and 70 and then take their own retirement benefit at 70. “
That means in another year, I’m living WAY below the poverty line. Do you know they take only the last 10 years of work history to figure your SS....I was caring for a sick mother and stepfather and sick grandkids and was too sick to work myself during that time.....so they see it as I NEVER worked...yes 40 years of working ,raising my kids with NO CHILD SUPPORT or help from anyone and THIS is what I have to look forward to. THANK GOD I am so sick!
Meanwhile the EBT, SNAP, Wick, Housing subsidies and disability benefits all got raises. (Who’s privileged now?)