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Are the Younger Generation 30 and under prepared to give up Social Security benefits and save on our own?
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Are the Younger Generation 30 and under prepared to give up Social Security benefits and save on our own?
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Are the Younger Generation 30 and under prepared to give up Social Security benefits and save on our own?
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10-14-2012, 08:11 AM
Post: #14
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Present system is sustainable but the current level of benefits is unsustainable. On its current track, benefits will pay out at 100% until 2037. After that, the benefit level drops to 75% and no lower as long as FICA is collected.
http://www.angrybearblog.com/2010/08/des...ve-it.html Anyone who tells you that you will not have a Social Security check in the future, even if you are in your 20s, is lying to you or does not understand the financing or economics behind Social Security. All generations need to save for retirement. Social Security was never meant to be sole source of retirement funds. Make your financial plans assuming it will not be there but it will . It will provide a margin of safety even to people in the six figures. |
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| Messages In This Thread |
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Are the Younger Generation 30 and under prepared to give up Social Security benefits and save on our own? - Dreadlock Rasta - 10-14-2012, 08:03 AM
[] - ArizonaRocks - 10-14-2012, 08:11 AM
[] - freedomsitizen - 10-14-2012, 08:11 AM
[] - melodiccannon385 - 10-14-2012, 08:11 AM
[] - Duke Powerhand - 10-14-2012, 08:11 AM
[] - Annoyingshoe981 - 10-14-2012, 08:11 AM
[] - Racist Liberal - 10-14-2012, 08:11 AM
[] - obedienttree058 - 10-14-2012, 08:11 AM
[] - Rocky Mtn High - 10-14-2012, 08:11 AM
[] - Mr NiceGuy^3 - 10-14-2012, 08:11 AM
[] - Kiran C - 10-14-2012 08:11 AM
[] - oohhbother - 10-14-2012, 08:11 AM
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