Posted on 10/01/2021 6:33:04 AM PDT by where's_the_Outrage?
While debt ceiling talks have put Social Security payments in the news, one topic that's been put on the back burner is a deadline Congress faces to shore up the program.
Social Security's trust funds for retirement and disability benefits are projected to be able to pay only 78% of promised benefits by 2034.
To fix that, Congress could consider several major adjustments. Here's what they could mean.....
In just 13 years the trust funds Social Security relies on to pay retirement and disability benefits will be depleted, according to the most recent Social Security trustees' report.
While benefit checks will still go out, just 78% of promised benefits will be payable at that time.
(Excerpt) Read more at msn.com ...
And here I am at 70 years old and trying to draw SS and can’t get in on-line and all of the field offices are closed. It’s been very frustrating.
Trust Fund? There ain’t no friggin Trust Fund. The Pols depleted that years ago. Its all paper like our currency.
Since I’m retired, the best option would be anything that doesn’t affect retirees.
And the best time to plant a tree is twenty years ago!
“Adult child”
Only in America.
In my dreams, this program would end overnight. All it would take would be 5 Justice Thomas’s on the Supreme Court and a person to bring up a Constitutional challenge to the program (i.e., where, in the Constitution, is SS authorized?).
Game over for SS, and Medicare, and many other programs. States could pick them up, if they desired, or use other means to address the needs of older people (such as Elder Support, modeled after Child Support, where healthy younger relatives pay for their elders).
Never happen, thanks to our ‘education’ system, but nice to dream about.
He’s not 31....he’s been working 31 years, at his job.
LOL, I see that now
It's corrupt, easily.
You think this? Or, do you KNOW this?
You sound pretty detailed, and certain.
Your government has plans for your private investments. Once they manufacture another stock market crash, they will absolutely require a portion of your private retirement account be transferred to the SSA in the interest of “safety.” It will probably start at 20% but will quickly grow to consume nearly all of your retirement accounts. No two ways about it, fedgov needs a bailout and retirement money is a goldmine with a huge target.
“$400/month SSDI payment”
Last year Trump was talking about eliminating the payroll tax entirely. I hope he drops that idea for his second term.
And for a lot of people who did not have the wherewithal or the smarts to prepare for their declining years, or whose investments did not meet expectations. If they don't die of the COVID jab first.
Or, eventually, they will solve the problem by cutting off benefits to Trump voters. Because supporters of Orange Man bad.
With people living longer than they did when Social Security came into being, what would happen if eligibility was extended from 65 to 70 years of age??
You need to re-read that comment. They're not "31 years old." They're 31 years into their job, actively working and contributing to society.
My sister got approved in March. The lawyer gets 25% of the monthly up to $6,000 so it behooves them to wait for the money to come until they reach the max.
She gets the money Nov 25.
Social security is already means tested by taxation.
The trust fund is a joke and it is long gone. SS has been used for every pork project you can name to buy votes. It needs to be forward abolished and let the current users cash out or exhaust their benefit.
Nothing will ever be done. Just like everything else, the can will be kicked down the road.
This article is just more fear porn.
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