Skip to comments.Half of millennials don't think they'll get Social Security
Posted on 10/25/2011 7:01:45 PM PDT by MinorityRepublican
Grandma and Grandpa may be getting a Social Security raise, but half of their grandkids are pretty sure they wont see any Social Security at all.
Thats according to a new poll from the Strategic Research Institute at St. Norbert College in De Pere, Wis. Its working with several other organizations on the iOMe Challenge, which seeks to help young people think about their financial future.
Apparently, they dont think theres much future there at all, at least when it comes to Social Security.
The online survey, which included a nationally representative sample of 642 18- to 29-year-olds, found only 5 percent expect that the Social Security benefits they stand to receive at age 67 to be about the same as the ones retirees are receiving today.
In addition to the 50 percent who dont think it will exist at all, another 28 percent thought it would exist but the benefits would be much smaller. Eighteen percent werent sure what would happen.
Social Security is at risk of running short of funds unless some changes are made, because the general population is both aging and living longer. Proposals include raising the Social Security tax cap, increasing the age at which you start collecting Social Security and reducing benefits.
David Wegge, executive director of the Strategic Research Institute, noted that no matter what happens with Social Security, millennials will likely have to rely more on their own savings than previous generations. Thats because pensions also are becoming much less common.
Theres much more responsibility thats being placed on an individuals shoulder, Wegge said.
(Excerpt) Read more at lifeinc.today.msnbc.msn.com ...
And the other half are to stupid to realize it.
I am 38.. My odds are about 50/50.. if that.
My 4 year olds odds? 1 in a million. But he WILL be paying for someone else on it.
And the other half are economically illiterate idiots...
60% of them voted for Obama
“And the other half are economically illiterate idiots...”
That half probably thought Social Security was the new song from Lady Gaga.
I KNOW I, nor my wife, nor my 4(soon to be 5) kids, will be getting social security.
Hell, I doubt the United States will still exist as a United Country when I am that old, assuming something isn't down about our present situation.
Given that the U.S. government, full of power-hungry Leftists and fascists and all manner of dirty slimeballs, anything promised or set up is subject to change at any time as prior generations just weren't honorable enough to adhere to freedom-granting founding principles.
Well, if these grandkids want a future they best be thinking of not voting for obuma. A whole bunch of you grandkids voted for that Marxist slug. So you best be rethinking what you did.
Stimulus this and stimulus that, but what about social security?
‘no matter what happens with Social Security, millennials will likely have to rely more on their own savings than previous generations.’
Fine, start now.
Can I get my money back while you’re at it?
And another thing, while they’re getting off my lawn tell the Millennials we’re tired of they’re non stop whining.
They may get the present amount of social security in dollars, but fast food places will be enticing people to breakfast with chicken biscuits that only cost $99.99.
There are a lot of ways for oppressive governments to confiscate wealth.
More than half the younger boomers don’t think we will get SS either.
So, what else is new?
When are Americans going to wake up and quit believing those lying politicians?
Because asking Obama a tough question is racist.
Dont forget as far as the Democraps are concerned there is nothing wrong with social security. There is lots of money in the Trust Fund. As soon as the Stimulus kicks in and we have full employment SS will be rolling in money.
Dont worry your little head about it and reelect Obama and all will be well. /S
I think youre a dreamer.
I am 50 and I am sure my odds are way less than 50/50.
I also think that my odds of getting a pension from the electric utility I work for are less than 50/50 because Obama and the Demoncrats are working hard to bankrupt the company.
And the Demoncrats also are working on a plan to steal our 401K funds to shore up SS, so as far as I can see there is little chance for anyone under the age of 55 of ever retiring if Obama is reelected. I maybe too optimistic about 55.
Oh, they might get it in Zimbabwean devalued currency.
Just wondering are your parents and grandparents included among these villains?