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Message
re: Social Security Administration announces 3.6% cost-of-living adjustment for 2027
Posted on 10/15/26 at 11:00 am to NC_Tigah
Posted on 10/15/26 at 11:00 am to NC_Tigah
quote:
What you fail to understand is it all boils down to virtually everyone getting extremely fricked with every contribution they make to the program. Among contributors, there are no winners. The only winner is Uncle Sam. If you don't understand that, you are the patsy at the poker table.
Not everyone. The first recipients and boomers get way more out of it than they ever put in.
It's the workers-to-retirees ratio that's changed.
Posted on 10/15/26 at 11:00 am to GRTiger
And when you start to receive benefits one day, young bucks will say the same about you. 
By proportion, everyone pays into it the same based on the current economy of their times. There is nothing here to hate about. All the bs we pay for outside of our own people, people in their 60s who paid into it for 40 years or so deserve relief. Smdh.
By proportion, everyone pays into it the same based on the current economy of their times. There is nothing here to hate about. All the bs we pay for outside of our own people, people in their 60s who paid into it for 40 years or so deserve relief. Smdh.
This post was edited on 10/15/26 at 11:03 am
Posted on 10/15/26 at 11:24 am to Grievous Angel
quote:
The first recipients and boomers get way more out of it than they ever put in.
Let's take a look. Shall we?
A hypothetical newly retired 67y/o "boomer" began working 45yrs ago. Every $1 he put into SS at that point is worth ~$3.60 today. So, yes, that's "more."
Now then, if instead, the same guy had put that same $1 into the S&P, it would be worth >$100.00 today. So, though $3.60 is "way more" than a dollar, SS cost the poor sot $96.40 for every $1 he initially contributed.
Yet here you are talking about what a good deal that sot is getting.
How about this?
How nice would it be to be able to borrow money for a 45yr home mortgage at those SS rates? That's why Uncle Sam loves borrowing money through the SS vehicle. It is a GREAT deal for the borrower (Uncle Sam). It's a terrible deal for the lender.
Posted on 10/15/26 at 11:26 am to sharkfhin
quote:
And when you start to receive benefits one day, young bucks will say the same about you.
Of course, assuming SS is around in 30 years, which is extremely optimistic. Multiple things will need to happen in order for that to work, all of which downgrades the ROI (age limit increase, uncapped contributions, means testing, or a combo of all of these.)
quote:
By proportion, everyone pays into it the same based on the current economy of their times.
Boomers didn't start paying the current rate until more than halfway into their careers or more in most cases, so this is objectively false.
This post was edited on 10/15/26 at 11:29 am
Posted on 10/15/26 at 11:34 am to GRTiger
I did say anything about the current rate but times changed and they started paying more into ss. I said everyone pays into it based on their current systems and when someone retires , they cant just say hey we are going only charge you a 1.50 gallon of gas or 2 dollar milk or your rent will be 450 a month and just like when you receive benefits youll get more money based on when your hanging it up. Im sure everything will be higher too but youll become what you are arguing and the younger people will be critical of your group And yes ss will be around. Yall need to stop on SSB getting dissolved. It aint going anywhere.
And yes ss will be around. Yall need to stop on SSB getting dissolved. It aint going anywhere. This post was edited on 10/15/26 at 11:36 am
Posted on 10/15/26 at 11:49 am to sharkfhin
quote:
I did say anything about the current rate
You didn't have to. You made an equivalence argument when there was an unequal variable.
quote:
And yes ss will be around. Yall need to stop on SSB getting dissolved. It aint going anywhere.
It will absolutely change significantly once the population clinging to it for dear life is no longer around. Younger generations didn't say "if we didn't have to pay into SS, we'd have invested in the market." We did both to a much larger degree at an earlier age than boomers.
As an aisde on that note, what a coincidence that the catch up contribitions for retirement for people over 50 was enacted right when the bulk of boomers started turning 50.
Posted on 10/15/26 at 11:51 am to Houston problem
Don't fret it. A good percentage of us boomers are still working.
Posted on 10/15/26 at 11:53 am to RockNHorse
quote:
A good percentage of us boomers are still working.
This is not a good thing
Posted on 10/15/26 at 11:54 am to Mingo Was His NameO
I agree with this.
Posted on 10/15/26 at 11:56 am to GRTiger
quote:SS was changed substantially in 1983. Boomers generationally were ~4yrs younger at that point than current millennials are now.
Boomers didn't start paying the current rate until more than halfway into their careers or more in most cases, so this is objectively false.
So in today's terms, it would be the equivalent of increasing millennial payroll taxes 4yrs ago from 6.2/12.4% to ~7.4/14.8% + raising retirement age for + tax increases on future "benefits." Kind of a heavy bite.
Meanwhile, GenY ranged 26-41yrs old in 2022. Would you qualify that as they didn't start paying the current rate until more than halfway into their careers or more in most cases?
Posted on 10/15/26 at 11:59 am to Houston problem
I can’t wait til I become a boomer and get on boomer welfare
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