Thread: Social Security
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Old 03-21-2016, 10:00 AM
BlueStreak's Avatar
BlueStreak BlueStreak is offline
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Join Date: Oct 2009
Location: The Swamp
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Yep. Americans should be taught how the retirement system works when they are in high school. But, virtually none of us are. Instead we are taught that the only people who deserve to retire are those who've "earned" it and that anyone who receives a check from the government for any reason is a "moocher". Completely ignoring the fact that "retirement" isn't an option, everyone gets too old to work, eventually. It also ignores the fact that people who've paid into SS and Medicare HAVE worked, for the most part.

The next big problem will be the failure of the 401k to provide adequate retirement income for the vast majority of Americans. I know people in their 50s who have worked and saved their entire lives.........and have $20k, maybe $30k in the 401k. The payout from that, even if they work until they are 70, may not be enough to buy a pizza by then. Low wages, kids, college debt.........They simply could only afford to save so much.

It's insane.
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