What if all you have is primarily SS, meaning people who aren't participants on this forum? A 31% haircut is survivable for those with pensions, investments, and a boat load of cash available.Funny is the people who think that they will be fine if SS goes away because they rely on other sources.
How can you be sure of your other sources (pensions, bonds) if something as solid as SS goes away?
Interestingly, 2029 is when I would turn 70. So, if I waited to take SS until then, any such haircut would happen immediately. If I were to take SS earlier than 70, that would change the "break even" numbers.
Of course, all of this could be a scare tactic to get people to take SS earlier and save the system money in the long run. /tinfoil hat off
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