Posted on 10/28/2017 3:57:33 PM PDT by SeekAndFind
Many Americans rely on Social Security benefits to see them through retirement, but how much should they really be depending on those checks?
Not very much, experts said.
Social Security is not being used as it was intended, said Ric Edelman, executive chairman and co-founder of Edelman Financial Services in Fairfax, Va. and author of “The Truth about Your Future.” When Congress and President Franklin D. Roosevelt created the system in 1933, the program was designed to be a safety net for Americans — for those who had no financial support. Now, “a great many Americans are relying heavily on Social Security to maintain their lifestyle in retirement.”
More than 66 million people received Social Security and/or Supplemental Security Income in August, more than 46 million of which were Americans 65 and older. Social Security makes up a majority of cash income for 61% of elderly beneficiaries, and a third rely on this benefit for 90% or more of their income, according to the Center on Budget and Policy Priorities, a governmental budget policies think tank based in Washington, D.C. The average monthly retirement benefit under the Old-Age and Survivors Insurance was $1,326, according to the Social Security Administration.
Retired workers received an average of $1,371 while spouses of retired workers received $714 and children of retired workers received $659. “Social Security is funding as last resort, and if it goes away there is no government program to serve as a fall back,” Edelman said. “This is the fall back.”
How did Americans get here?
Unfortunately, it’s a familiar story: many Americans just haven’t saved enough for retirement, either because of poor planning or an inability to put money away for their futures.
(Excerpt) Read more at marketwatch.com ...
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>> “Yeah,that’s probably when the tide turned.” <<
Actually it turned with mdmathis6’s totally false representation of my post.
I didn’t say no one would be around; only that “The Kingdoms of Men” that would have to write those checks wouldn’t be around to write them. (and they definitely will not!)
So it remains a SS thread with the only accurate argument that can be made inserted therein.
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It was a social security thread....we took it off subject...we were rude! Apologies to all!
. Will you finally be moving up to first grade this year?
That’s some really deep intellectual posting! .
WOW, I must have borrowed deeply into your dozen brain cells, for you to get up early to put up a childish post!
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You took it off subject to inject your false doctrine.
I was on topic, as the fact that SS will not survive the gathering and subsequent bowl judgments is somethjing those that remain will need to have dealt with.
No check is the point.
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You’re obviously going batty in Mom’s basement.
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time to change your diaper....the fumes are driving your jihad bros crazy!
Army pay in 1968 for an E3 was $137.00 to $192.00 with $65.00 combat pay. Almost $1400.00 a month in todays money.
Whatever....man! people can follow the thread to see what and who said when...! We were rude....! Perhaps the Viking kitties should give us a Zot to Freeper purgatory!
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Giving people the most important information about the future of SS may seem “rude” but that pales in comparison to the shock they will experience if they fail to heed that info.
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Adios Jihad Sis!
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Going to hang yourself JUDAS!
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No, watching you hang yopurself Judas was enough for me!
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noose getting tight??
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Must be, your eyes are bulging out!
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Isn't it time for you to face Meca & hike yo rump in da air with yo Jihad bros?
Hey Harvey Weenerstein you shouldn't talk about bulging.....remind me is it little girls or boys that you prefer?
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Are you selling trips to your pedophile island?
You’re on the wrong web site.
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Say hi to Kevin Spacey to Pedophile Rehab!
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I knew for sure that you and Kevin were tight buds.
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