I don't know of a single milennial who is planning on having social security at this point. Everyone I know has written it off as something they know politicians will get rid of. It's too good of a program, of course they're going to remove it.
Of course every boomer I know thoroughly depends on it, and they're also the only group I hear for it getting cut. So... Idk I guess fun for them?
X-er here. The hints in the wind have been that Social Security will be drastically scaled back or gone altogether by the time we hit retirement. I've always made my retirement savings assuming Social Security won't be there just to be safe. I didn't actually expect to be right about that though. It felt like a pretty crackpot idea way in my youth.
I'm almost certain it will be gone completely within 5 years at this rate. If we're lucky we might get a one time "I'll give you n thousand dollars to fuck off" payment from the government. If we're lucky.
I've been telling other Xers and Millennials this for the last several years. It's still surprising to me how many of them still assume Social Security will be there to some significant degree when they retire. This is more of an Xers assumption, but also some Millennials still think this.
Fellow X'er here. My wife and I have worked with a financial consultant for the last 20 years. From the get go she said not to count on SS at all.
We have always considered all that money we paid into it to be just.... Gone. That's pretty much a reality now.
I hope the billionaires enjoy what our money buys for them. It will probably be another politician.
Social Security's fate, either way, is a self-fulfilling prophecy. If we assume it will fail, that will remove the trust that supports it, and causes it to fail. If we assume it will succeed, we will severely resist attempts to dismantle it and keep it political kryptonite.
The media and buzz talking about how it will be gone is self-sabotaging (or a different kind of sabotaging from people like Musk, though I assume the comments here are legitimate anxiety over it).
I'd just keep that in mind as we start to doomsay it.
The leopards will be feasting when that day comes. Lots of SS-dependent conservative boomers voted for Trump.
If that dipshit accidentally stumbled into inventing AGI, he would probably delete it 10 seconds later when he finds out how "woke" it is.
I don't know of a single milennial who is planning on having social security at this point. Everyone I know has written it off as something they know politicians will get rid of. It's too good of a program, of course they're going to remove it.
Of course every boomer I know thoroughly depends on it, and they're also the only group I hear for it getting cut. So... Idk I guess fun for them?
X-er here. The hints in the wind have been that Social Security will be drastically scaled back or gone altogether by the time we hit retirement. I've always made my retirement savings assuming Social Security won't be there just to be safe. I didn't actually expect to be right about that though. It felt like a pretty crackpot idea way in my youth.
I'm almost certain it will be gone completely within 5 years at this rate. If we're lucky we might get a one time "I'll give you n thousand dollars to fuck off" payment from the government. If we're lucky.
I've been telling other Xers and Millennials this for the last several years. It's still surprising to me how many of them still assume Social Security will be there to some significant degree when they retire. This is more of an Xers assumption, but also some Millennials still think this.
Fellow X'er here. My wife and I have worked with a financial consultant for the last 20 years. From the get go she said not to count on SS at all.
We have always considered all that money we paid into it to be just.... Gone. That's pretty much a reality now.
I hope the billionaires enjoy what our money buys for them. It will probably be another politician.
Social Security's fate, either way, is a self-fulfilling prophecy. If we assume it will fail, that will remove the trust that supports it, and causes it to fail. If we assume it will succeed, we will severely resist attempts to dismantle it and keep it political kryptonite.
The media and buzz talking about how it will be gone is self-sabotaging (or a different kind of sabotaging from people like Musk, though I assume the comments here are legitimate anxiety over it).
I'd just keep that in mind as we start to doomsay it.