Thread: Social Security
View Single Post
  #10  
Old 03-21-2016, 10:10 AM
Boreas's Avatar
Boreas Boreas is offline
Senior Member
 
Join Date: Nov 2009
Location: Sonoma County, CA
Posts: 20,496
Quote:
Originally Posted by BlueStreak View Post
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.
At this point Social Security has been so demonized and politicized that I would never trust state or local school boards or individual teachers to teach kids about SS with any degree of uniformity or honesty. Look at what has happened with evolution.
__________________
Smoke me a kipper. I'll be back for breakfast.
Reply With Quote