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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 10:12 pm to HailHailtoMichigan!
Posted on 2/24/24 at 10:12 pm to HailHailtoMichigan!
when did you get back? and how did the bottom surgery go?
0
Posted on 2/24/24 at 10:12 pm to real turf fan
quote:
I need six to eight dollars to buy a comparable pound of hamburger, and inflation sucks, but it's sucking a lot worse recently.
I was working stiff back in the 70's when the Oil Shocks hit, if you think this is bad, just with till 22% mortgages and trying to buy a house for 120K when 3 years earlier it cost 30K.
Posted on 2/24/24 at 10:13 pm to Tigahs24Seven
My father died the year before he was going to get his. He got nothing back.
So the young people, rather than having the balls to fight the powers that be, want to steal from the elderly.
So the young people, rather than having the balls to fight the powers that be, want to steal from the elderly.
This post was edited on 2/24/24 at 10:18 pm
Posted on 2/24/24 at 10:14 pm to HailHailtoMichigan!
You think any of this matters? In a few years interest on the debt will exceed SS outlays.
Posted on 2/24/24 at 10:15 pm to RiverCityTider
quote:
They would not allow me to invest it. So because of that your saying they owe me no return at all?
Ok, so you want social security to pay you not just your principal, but also the opprtunity cost of not being able to earn market returns on the money taken from your paychecks.
From where will this massive increase in social security payments come from? Money doesn't grow on trees.
Posted on 2/24/24 at 10:17 pm to HailHailtoMichigan!
quote:
And keep your retirement
And your so-called social security
big city, turn me loose and set me free
The great Hag
Posted on 2/24/24 at 10:18 pm to HailHailtoMichigan!
quote:Play on words. Now add in the amount paid by the employer. Bet that number changes drastically.
the average retiree will be receiving 37% more in SS than he paid in
Posted on 2/24/24 at 10:25 pm to HailHailtoMichigan!
quote:
Ok, so you want social security to pay you not just your principal, but also the opprtunity cost of not being able to earn market returns on the money taken from your paychecks.
From where will this massive increase in social security payments come from? Money doesn't grow on trees.
I think your retarded dude. I really do. They were never supposed to give just the contributions back. The return on ss is supposed to be about 2% over inflation.
Posted on 2/24/24 at 10:26 pm to HailHailtoMichigan!
37% more than paid in. Now, calculate what the contributions would be with 3% compound interest.
Posted on 2/24/24 at 10:27 pm to RiverCityTider
The wsj article linked in my OP is adjusted for the interest return, friend.
Posted on 2/24/24 at 10:29 pm to LakeCharles
And your not even considering how debased the currency is.
Posted on 2/24/24 at 10:30 pm to LakeCharles
Please explain to me how a system can be self funding if it not only pays out to each individual what they paid in, but also pays out the hypothetical market return that individuals lost out on.
By definition, such a system would run out of money!
By definition, such a system would run out of money!
Posted on 2/24/24 at 10:33 pm to HailHailtoMichigan!
Are you a complete idiot? I paid for 45 years at the limit of each year. I will not get back what I paid into if I live to be 86-1/2 , 20 years after I collect the first dollar. That is not counting any return of what would have happened if invested in a phucking savings bond
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
Posted on 2/24/24 at 10:38 pm to Nosevens
The data is based on averages.
Posted on 2/24/24 at 10:40 pm to RiverCityTider
quote:
The male life expectancy is down to 72 in this shite stain of a country. Your want to cut my meager ss by 25% to avoid paying my old arse lije a 2% annual return on my money for five or six years.
Not really. If you get to 65, your average life expectancy is much higher than 72.
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 2/24/24 at 10:40 pm to HailHailtoMichigan!
Why don't you be a good boy and vote for less defense spending. Maybe cut out gain of function research grants and tranny reassignment surgery for military.
And pay your student loans.
And pay your student loans.
This post was edited on 2/24/24 at 10:44 pm
Posted on 2/24/24 at 10:43 pm to HailHailtoMichigan!
how was the 6 month ban?
Posted on 2/24/24 at 10:43 pm to the808bass
quote:
Not really. If you get to 65, your average life expectancy is much higher than 72.
Not the way I'm feeling it's not.
And what about all my old man's contributions. He died at 64 and never got a penny.
Is the wall street journal counting his money?
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