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Social security and Boomers

Posted on 6/11/19 at 12:24 pm
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 6/11/19 at 12:24 pm
Remember when there were threads about Boomers being the problem with social security? Not so fast.

quote:

Turns out it's not baby boomers taking the most from Social Security

quote:

However, the Center for Retirement Research found the boomer cohort born between 1946 and 1964 will actually have paid more into the system than they will receive in benefits.

quote:

There is a group of retirees, however, who did receive more money than they contributed: people who lived through the Great Depression of the 1930s. That's because they generally worked for fewer years before collecting benefits.

Not slamming them, just stating facts.

Link also has possible solutions to solve the legacy debt.

LINK
Posted by burdman
Louisiana
Member since Aug 2007
22814 posts
Posted on 6/11/19 at 12:26 pm to
quote:

paid more into the system than they will receive in benefits.


Won't this gap continue to get wider over time? Or do I have that wrong?
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 6/11/19 at 12:26 pm to
If I had a choice in the matter, I wouldn’t pay into that shite at all.

frick Social Security and frick FDR for implementing it.
This post was edited on 6/11/19 at 12:30 pm
Posted by FearTheFish
Member since Dec 2007
4555 posts
Posted on 6/11/19 at 12:27 pm to
The OT really should have a Boomers v. Millennials battle royale

Sponsored by Sonic of course.
This post was edited on 6/11/19 at 12:28 pm
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 6/11/19 at 12:27 pm to
Good question
Posted by nolatiger711
Metairie, LA
Member since Oct 2009
775 posts
Posted on 6/11/19 at 12:28 pm to
I was thinking that, too. Most boomers are just in their first bit of collecting. No way of predicting the average lifespan 20 years from now and when they stop collecting.
Posted by CaptainPanic
18.44311,-64.764021
Member since Sep 2011
25582 posts
Posted on 6/11/19 at 12:28 pm to
quote:

Boomers
I was hoping this was going to be about mushrooms, not the generation who ruined the country.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 6/11/19 at 12:28 pm to
quote:

The OT really should have a Boomers v. Millennials battle royale


shite wouldn't last 10 minutes before the millennials started crying for their safe spaces
Posted by PortHudsonPlaya
Houston
Member since Jul 2017
3170 posts
Posted on 6/11/19 at 12:29 pm to
I still don’t know what SS is. Like a form of government retirement?
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 6/11/19 at 12:29 pm to
quote:

I was hoping

Nice strategy
Posted by TxWadingFool
Middle Coast
Member since Sep 2014
5705 posts
Posted on 6/11/19 at 12:30 pm to
Welp, if it wasn't for said group we might all be speaking German right now.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53814 posts
Posted on 6/11/19 at 12:30 pm to
quote:

If I had a choice in the matter, I wouldn’t pay into that shite at all.

They need your money right now because it's a Ponzi scheme.
Posted by CaptainPanic
18.44311,-64.764021
Member since Sep 2011
25582 posts
Posted on 6/11/19 at 12:30 pm to
quote:

safe spaces
Are you referring to the term that was created in the 1960s by Boomers?

Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 6/11/19 at 12:31 pm to
quote:

Welp, if it wasn't for said group we might all be speaking German right now.


We wouldn’t. Western Europe would.
This post was edited on 6/11/19 at 12:32 pm
Posted by East Coast Band
Member since Nov 2010
66987 posts
Posted on 6/11/19 at 12:31 pm to
quote:

However, the Center for Retirement Research found the boomer cohort born between 1946 and 1964 will actually have paid more into the system than they will receive in benefits.

I'll tell you what group will take more and that's the government working sector.
I guarantee you 99% of government workers retire earlier than their private worker counterparts and will suck SS out of its funds.
This is in addition to the cushy pensions they'll get, many starting as early as their upper 40s in age
Posted by Dead Man Walking
Member since Mar 2019
963 posts
Posted on 6/11/19 at 12:32 pm to
quote:

shite wouldn't last 10 minutes before the millennials started crying for their safe spaces


Example:


Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 6/11/19 at 12:32 pm to
quote:

frick Social Security and frick FDR for implementing it.


FDR did as much to frick over this country as Wilson and LBJ.
This post was edited on 6/11/19 at 12:34 pm
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 6/11/19 at 12:32 pm to
I'm a Boomer and never heard of it before the millennial pussies started screaming for theirs
Posted by GreatLakesTiger24
Member since May 2012
61504 posts
Posted on 6/11/19 at 12:33 pm to
quote:

Welp, if it wasn't for said group we might all be speaking German right now.

boomers fought in wwii?
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68603 posts
Posted on 6/11/19 at 12:33 pm to
quote:

Example:

This post was edited on 6/11/19 at 12:34 pm
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