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First Baby Boomer Receives Social Security
The Denver Channel ^ | 02/12/08

Posted on 02/12/2008 7:37:17 PM PST by MotleyGirl70

Direct Deposit Expected To Be More Common

VERO BEACH, Fla. -- The nation's first baby boomer received her first Social Security retirement benefit Tuesday in Vero Beach, Fla., local station station WPBF is reporting.

Kathleen Casey-Kirschling was born one second after midnight on Jan. 1, 1946. The 62-year-old retired teacher who lives in Earleville, Md., and Vero Beach applied for her benefits online, and received her payment by direct deposit.

"Like many of her fellow boomers, Kathy leads a full and busy life," said Jim Courtney, Social Security deputy commissioner for communications. "By choosing direct deposit, Kathy's benefit is safely and conveniently deposited into her bank account. No matter where in the country - or the world - Kathy is, her money is as close as the nearest ATM or just a mouse click away through online banking."

This marks another milestone for the post-World War II generation.

Federal officials in Florida are calling her "a trendsetter for her generation" since she decided to receive her benefits by direct deposit.

"Direct deposit is a win for everyone," said Judith R. Tillman, commissioner of Treasury's Financial Management Service. "For the last three years, Treasury has led a campaign called Go Direct to educate Americans about the many benefits of direct deposit. We at Treasury congratulate Kathy on receiving her first Social Security payment and on her decision to Go Direct."

At an event Tuesday in Vero Beach, Social Security also premiered a new video public service announcement that promotes filing online for retirement benefits. The video, featuring Casey-Kirschling, was posted to the Social Security Web site Tuesday afternoon.

Social Security officials claim that direct deposit eliminates the risk of lost or stolen checks, reduces fraud, helps protect against identity theft and gives people more control over their money. Direct deposit also saves taxpayers millions of dollars. According to the Financial Management Service, if every current federal benefit check recipient switched to direct deposit, it would save taxpayers about $130 million a year.

Over the next two decades, nearly 80 million baby boomers -- about 10,000 per day -- will become eligible for Social Security.

If no changes are made, the Social Security trust fund is projected to deplete its reserves in 2041 and will begin paying out more in benefits that it collects in payroll taxes in 2017.


TOPICS: Culture/Society; News/Current Events; US: Florida
KEYWORDS: babyboomers; genx; retirement; seniors; socialsecurity
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To: qam1

Ping


21 posted on 02/12/2008 7:53:24 PM PST by MotleyGirl70
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To: Chucktallica101
I will fight these evil facists with all my guns blazing. I’m sick of this crap...

Your'e going to fight, with guns a blazing, everyone born between 1946 and 1964 simply because that is when they were born? Cool!

22 posted on 02/12/2008 7:54:11 PM PST by HerrBlucher
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To: doc1019

Doc, It ain’t no lottery. They stole the money by law with promise of giving it back. They lied outright. The best America can hope for is the younger ones getting some control and investing in Wall Street. Even that is unacceptable to the Democrats determined on killing Capitolism.


23 posted on 02/12/2008 7:54:44 PM PST by eyedigress
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To: MotleyGirl70

I can’t carry all these baby boomers. The weight is too heavy now. My back is going to break soon. Will someone rescue me?


24 posted on 02/12/2008 7:54:48 PM PST by writer33 (The U.S. Constitution defines a conservative and Rush Limbaugh knows it.)
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To: Fester Chugabrew

AARP periodical?


25 posted on 02/12/2008 7:54:56 PM PST by Harrius Magnus (Pucker up Mo, and your dhimmi Leftist freaks, here comes your Jizya!)
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To: ToastedHead
I can’t carry all these baby boomers. The weight is too heavy now. My back is going to break soon. Will someone rescue me?

I should've said I hope someone will rescue me. We're thinking alike.

26 posted on 02/12/2008 7:57:10 PM PST by writer33 (The U.S. Constitution defines a conservative and Rush Limbaugh knows it.)
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To: doc1019

I am 1/48. Pay me...


27 posted on 02/12/2008 7:57:14 PM PST by Eric in the Ozarks (ENERGY CRISIS made in Washington D. C.)
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To: Eric in the Ozarks

You have a better chance than me. Of course I guess timing is everything.


28 posted on 02/12/2008 7:58:53 PM PST by eyedigress
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To: The South Texan
And so the great robbery of the Generation X begins.

The Boomers were robbed paying for the Greatest Generation's SS, I guess its Gen x's turn to be robbed. Then you can pass the baton to Y and they to Z and they back to A. I would not feel so all alone, everybody must get stoned.

29 posted on 02/12/2008 7:58:56 PM PST by HerrBlucher
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To: Fester Chugabrew

She beat Diane Keaton by 4 days!


30 posted on 02/12/2008 8:01:35 PM PST by Borges
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To: writer33
Will someone rescue me?

You need to take some initiative. How about starting a "Final Solution to the Boomers" movement?

Those effin boomers, how dare they be born when they were.....the nerve!

31 posted on 02/12/2008 8:02:56 PM PST by HerrBlucher
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To: eyedigress

Understand. The reference to a lottery was in reference to her being the “first”. I agree with you otherwise.


32 posted on 02/12/2008 8:04:18 PM PST by doc1019
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To: The South Texan

Obama has proposed a bill where the US will have to pay a WORLD TAX .It will be controlled by ..are you ready ..THE UN !


33 posted on 02/12/2008 8:05:12 PM PST by sonic109
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To: Eric in the Ozarks

Paypal on the way … ;-) By the way what is 1/48?


34 posted on 02/12/2008 8:06:20 PM PST by doc1019
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To: Terpfen
Not so fast. Stay vertical for just a second.

We have six kids. Scarcely a day goes by where a statement that begins, “When the revolution comes. . .” doesn’t echo through my house. Also, my 14 y/o Son and I were talking about the gun grabbers (via school shooting) when he looked at me and asked why “my generation” hadn’t learned the lessons of prohibition. (Little bird turd got a charlie horse for that one.)

Point being that hope is not lost.
35 posted on 02/12/2008 8:06:52 PM PST by stentorian conservative
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To: MotleyGirl70

You younger folks should start a TEA party......


36 posted on 02/12/2008 8:07:20 PM PST by goodnesswins (We are not going to let McCain go all the way, when we’ve just had a FIRST date!)
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To: MotleyGirl70

If I move some old people into my house, can I get Boomer Credits on next year’s taxes?


37 posted on 02/12/2008 8:07:26 PM PST by ToastedHead
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To: poindexter
Just send me all your money now, sonny, and we'll call it square! ;-)

You sound just like my dad.

38 posted on 02/12/2008 8:08:55 PM PST by MotleyGirl70
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To: doc1019; Graybeard58
August for me … if I decide to collect before age 65.

April of '09 for me, and I'm going on the teat immediately, basically just to piss off the X-ers on this board. Screw 'em.

39 posted on 02/12/2008 8:09:37 PM PST by ErnBatavia (...forward this to your 10 very best friends....)
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To: MotleyGirl70

I’m in my 50’s and have paid in the max for as long as I can remember. That amount of $ over the years could have really produced in the private markets, but odds are, I’ll not see much of it because I know Gen-X isn’t going to be able to handle the burden facing them. Glad I don’t have to rely on it as many will.


40 posted on 02/12/2008 8:11:09 PM PST by umgud
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