You’re right, FishStix. Social Security was based from the beginning on two key assumptions: 1) It would supplement, not replace, the income from savings and pensions, and 2) Most people wouldn’t live long enough to collect much of it. But the increase in taxation levels left less money for savings and defined-benefit pensions couldn’t be sustained without tax support, while lifespans increased far beyond the expectations of anyone living in the 1930s. At this point, I think the average retiree has gotten back everything he or she put into the system in about five years; after that, it’s essentially an intergenerational welfare system.
I would love to continue to work, I am now 57, but the young ones in the workforce do not want people my age around EVEN when we competently demonstate we are just as computer literate as they are as well as in many other skills. I was in health care and left 6years ago to do something else and it has been one big joke because everywhere else I have tired to work has been dominated by people in their early 20’s-30’s and I feel like some mutant. I am trying to go back into the health care field but because of physical limitations that I now have I will be limited. Frankly, as far as I’m concerned I need to retire now.How can you tell a group of people they have to continue to work yet they cannot find or stay at a job? I think we are going to see a REAL crisis in the next few years and that is going to be a outrageous number of older people who are homeless.
(Five years into layoff, I became eligible for Medicare and annuities, and took ‘em. Am I retired? Shucks, no!)
Find something you love doing, and work on becoming the very best at it. Plan to live forever, or die tomorrow.
SS: Raise the contribution cap, no problem! Oh, and quit raiding it for the General Fund.
Money: Don’t look now, friend, but it’s ALL IOUs; that’s OK, as long as they spend. In the sixties, two-thirds of all the money in the world was bits on computer tape. Now, it’s probably ten times that (…do the math; yup!)
kreole over 13 years ago
Skyler’s been reading ‘stuff’ again…………
Elaine Rosco Premium Member over 13 years ago
Why not? They control almost everything else…
GROG Premium Member over 13 years ago
I’ll probably never be able to collect.
jimgamer over 13 years ago
Do we ever grow up ???????
prrdh over 13 years ago
You’re right, FishStix. Social Security was based from the beginning on two key assumptions: 1) It would supplement, not replace, the income from savings and pensions, and 2) Most people wouldn’t live long enough to collect much of it. But the increase in taxation levels left less money for savings and defined-benefit pensions couldn’t be sustained without tax support, while lifespans increased far beyond the expectations of anyone living in the 1930s. At this point, I think the average retiree has gotten back everything he or she put into the system in about five years; after that, it’s essentially an intergenerational welfare system.
JP Steve Premium Member over 13 years ago
Geeze, beviek, you want to take the fun out of everything!
woowie over 13 years ago
I would love to continue to work, I am now 57, but the young ones in the workforce do not want people my age around EVEN when we competently demonstate we are just as computer literate as they are as well as in many other skills. I was in health care and left 6years ago to do something else and it has been one big joke because everywhere else I have tired to work has been dominated by people in their early 20’s-30’s and I feel like some mutant. I am trying to go back into the health care field but because of physical limitations that I now have I will be limited. Frankly, as far as I’m concerned I need to retire now.How can you tell a group of people they have to continue to work yet they cannot find or stay at a job? I think we are going to see a REAL crisis in the next few years and that is going to be a outrageous number of older people who are homeless.
pbarnrob over 13 years ago
(Five years into layoff, I became eligible for Medicare and annuities, and took ‘em. Am I retired? Shucks, no!)
Find something you love doing, and work on becoming the very best at it. Plan to live forever, or die tomorrow.
SS: Raise the contribution cap, no problem! Oh, and quit raiding it for the General Fund.
Money: Don’t look now, friend, but it’s ALL IOUs; that’s OK, as long as they spend. In the sixties, two-thirds of all the money in the world was bits on computer tape. Now, it’s probably ten times that (…do the math; yup!)
AnotherFineMess almost 3 years ago
I think they have, considering how many years he’s been 12.