SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RetiredNow who wrote (254291)6/15/2010 11:16:26 AM
From: pstuartbRead Replies (1) of 306849
 
In response to your Boomer hate posts, please be aware that 71% of all social security payments are currently made to people who were born before the boomer generation (age 65+):

(Beneficiaries, by age)
ssa.gov

Only about 15-20% of SS outlays are currently paid to boomers.

Personally, I don't expect to ever see a dime of SS benefits, and I doubt my kids will either. I've spent my whole adult boomer life living well beneath my means, partly because my WWII generation parents taught me to save, and partly because I've known for years that the previous generations' safety net will be gone by the time I retire.

I think SS payments must and will be cut radically in the coming years, along with Medicaid and Medicare. It doesn't matter who wants to keep it, the money simply won't be there to spend, and this has been obvious for a very long time. The vast majority of SS benefits that have been paid out, were paid out to the pre-boomer WWII generations.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News