lets-retire
Thinks s/he gets paid by the post
- Joined
- Dec 28, 2004
- Messages
- 1,798
If the young people don't think it will be there for them then they should plan accordingly.
While I can't disagree with your statement here from my point of view the pain should be spread among several generations. The boomers, through no fault of theirs, will kill SS. So far an actual attempt at fixing the program was shouted down as "being unfair" because it's not a guaranteed paycheck and some of the younger boomers might have to sacrifice. Well it didn't get fixed and all of the boomers will receive their checks. It should also be noted that no alternative was offered to try to fix the system. What I find irritating is the boomers were responsible for the sexual and drug revolution of the sixties, which to me seem like a time of excess. They were responsible for the "party" of the eighties, which also seem like a period of excess. Now When the youngest of the boomers are asked to give up a little, their response is "NO, I will not give anything up. I've paid my dues and earned my SS." To me it almost seems like the boomers never got past the excesses of their lives and wish to continue it into their retirement that they have not saved for. Like I explain to my son, retirement is not for the poor it is for the rich. Just because someone reaches 62, 65, 70, whatever, does not mean they can retire. If someone did not work hard and save while they were young so they can afford to retire they must continue working or take a reduced lifestyle.
The X'ers and beyond will have to take a big bite of the fecal sandwich and take reduced or no benefits, or pay much higher taxes. It is obvious that nothing will be done to fix the system, other than raising taxes, from the current bunch of loonies in Washington. So as normal the X'ers and beyond will wait quietly, seething, until it is their time, which should start within the next few years. Hopefully then many issues will be fixed.