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re: In just a few years, the average retiree will be receiving 37% more in SS than he paid in
Posted on 2/24/24 at 10:35 pm to HailHailtoMichigan!
Posted on 2/24/24 at 10:35 pm to HailHailtoMichigan!
They are supposed to invest the contributions that's how.
Look, 7% return doubles your money on 7 years. SS fund is supposed to be separate and invested.
When I was your age, we didn't run big deficits.
How are you blaming this shite on us?
The government stole the money and now they pay ss out of the general fund.
Look, 7% return doubles your money on 7 years. SS fund is supposed to be separate and invested.
When I was your age, we didn't run big deficits.
How are you blaming this shite on us?
The government stole the money and now they pay ss out of the general fund.
This post was edited on 2/24/24 at 10:38 pm
3
Posted on 2/24/24 at 10:40 pm to RiverCityTider
They by law are supposed to invest it in low return treasury bonds
Again, the wsj article in my OP is adjusted for this interest
Again, the wsj article in my OP is adjusted for this interest
Posted on 2/25/24 at 3:40 am to RiverCityTider
quote:
The government stole the money and now they pay ss out of the general fund.
The government steals your money but not in the case you’re referring to here (Social Security).
This mythical theft is how people justify, in their minds, SS running dry. The reality is that it is not sustainable and that what people contributed is less than what they are receiving.
Posted on 2/25/24 at 7:50 am to RiverCityTider
quote:
When I was your age, we didn't run big deficits.
Are you like...80?
We've been running deficits since the 80s
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