yours:
If someone is retiring with only ss, then that is either tremendously bad luck over decades or decades of poor decisions.
mine:
Sociable Insecurity was never intended or designed to be a retiree’s sole source of income. President Roosevelt sold it as a Supplement to your own preparations for your own retirement (savings, investments, any private pensions, etc.)
“mine:
Sociable Insecurity was never intended or designed to be a retiree’s sole source of income. President Roosevelt sold it as a Supplement to your own preparations for your own retirement (savings, investments, any private pensions, etc.)”
Yes, but . . .
Back then, most people lived on their own small Farm. The houses even had birthing/dying rooms because folks came into the world and left the world from right in the same place. Hospitals were an expense many could not afford. Many were even buried in their own land.
Cash was hard to come by so SS would be a true “Supplement” in those cases.
Lots different today. Not many on Farms anymore. Will cost you ~15K to die. A house is 3 times what folks can afford. Only Goobermint has a true Pension. And the dollar has been devalued by 99.6%.
So, for many of our Fellow Citizens, life is gonna get much harder.