When will the young people figure it out? They voted for Obama, right?
The average senior citizen today will get $325,000 more in benefits from than the government than they put into the system. However, the newborn today will pay in $425,000 more than they receive in benefits. This is from Stan Drukenmiller, the hedge fund manager.
Thank you, young Obama voters, for subsidizing my retirement!
The gen-xers hate us baby boomers for “spending” all of their inheritance. They’re really gonna’ be pissed when they learn they have to subsidize our insurance.