Skip to comments.First Baby Boomer Receives Social Security
Posted on 02/12/2008 7:37:17 PM PST by MotleyGirl70
Direct Deposit Expected To Be More Common
VERO BEACH, Fla. -- The nation's first baby boomer received her first Social Security retirement benefit Tuesday in Vero Beach, Fla., local station station WPBF is reporting.
Kathleen Casey-Kirschling was born one second after midnight on Jan. 1, 1946. The 62-year-old retired teacher who lives in Earleville, Md., and Vero Beach applied for her benefits online, and received her payment by direct deposit.
"Like many of her fellow boomers, Kathy leads a full and busy life," said Jim Courtney, Social Security deputy commissioner for communications. "By choosing direct deposit, Kathy's benefit is safely and conveniently deposited into her bank account. No matter where in the country - or the world - Kathy is, her money is as close as the nearest ATM or just a mouse click away through online banking."
This marks another milestone for the post-World War II generation.
Federal officials in Florida are calling her "a trendsetter for her generation" since she decided to receive her benefits by direct deposit.
"Direct deposit is a win for everyone," said Judith R. Tillman, commissioner of Treasury's Financial Management Service. "For the last three years, Treasury has led a campaign called Go Direct to educate Americans about the many benefits of direct deposit. We at Treasury congratulate Kathy on receiving her first Social Security payment and on her decision to Go Direct."
At an event Tuesday in Vero Beach, Social Security also premiered a new video public service announcement that promotes filing online for retirement benefits. The video, featuring Casey-Kirschling, was posted to the Social Security Web site Tuesday afternoon.
Social Security officials claim that direct deposit eliminates the risk of lost or stolen checks, reduces fraud, helps protect against identity theft and gives people more control over their money. Direct deposit also saves taxpayers millions of dollars. According to the Financial Management Service, if every current federal benefit check recipient switched to direct deposit, it would save taxpayers about $130 million a year.
Over the next two decades, nearly 80 million baby boomers -- about 10,000 per day -- will become eligible for Social Security.
If no changes are made, the Social Security trust fund is projected to deplete its reserves in 2041 and will begin paying out more in benefits that it collects in payroll taxes in 2017.
I’m 23. Combining this news story with the imminent election of a liberal (whether it be a Republican or a Democrat) I may as well just bend over and grab my ankles.
America, I hardly knew ya.
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Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of interest.
August for me if I decide to collect before age 65.
I’m 24, two boys, and a growing business. I will fight these evil facists with all my guns blazing. I’m sick of this crap...
Just send me all your money now, sonny, and we'll call it square! ;-)
Which magazine in the USA has the greatest circulation? By how much does it beat number 2? Hint: it isn’t MAD.
I’ve got a net worth of $650. If that’s all it takes, deal!
I’ve got 30 years of my money gone. You have a chance to stop it.
think about this, the government gives FULL benes to immigrants who never worked in this country, and you guys are being told there won’t be anything for you.
And so the great robbery of the Generation X begins.
Yet many in my generation are going to voting for Obama in order to keep things the same even tough he talks a good game.
Thanks Democrats (and spineless Republicans too).
Fact is, our leaders turned criminals, stole all the money.
Considering that we are all in a database somewhere (everywhere), mayhap she won the Im first lottery. ;-)
I'm too old and lacking the inclination. My grandchildren are way younger then you so they'll probably get your money.
“I may as well just bend over and grab my ankles.”
I’m 39, completely “bought-in” and anticipate Zero. You’re welcome to borrow my Velcro wrist straps for your ankles — I don’t need ‘em anymore — I just yawn out of both ends.
I’m gonna have to work more overtime to be able to afford this shit.
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