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re: The Coming Social Security Crisis
Posted on 3/28/24 at 8:55 am to RoosterCogburn585
Posted on 3/28/24 at 8:55 am to RoosterCogburn585
quote:
Recently Ben Shapiro and Larry Fink have both come out and said retirement at 65 is crazy.
Unless you work a physically intensive job most of your life. At some point your body starts breaking down.
quote:
What they fail to mention is the tremendous strain people who have never contributed a dime to, but collect from social security. How about we put a little more pressure on the deadbeats instead of telling the working man he just needs to give a little bit more.....
I'm a ways out from collecting on SS so I won't claim to be an expert, but doesn't your payment depend at least in part on how much you've worked through your life? The guy with large swathes of unemployment is getting less per month than the guy who's worked since he was 16. If I'm off base can someone explain it better for me?
3
Posted on 3/28/24 at 9:13 am to GoblinGuide
quote:
Unless you work a physically intensive job most of your life. At some point your body starts breaking down.
Yeah. I'm not in Social Security, but there's a reason that cops and firemen retire relatively young. At 50, just keeping up with the training takes a toll on my body now.
This post was edited on 3/28/24 at 9:55 am
Posted on 3/28/24 at 9:15 am to GoblinGuide
quote:
I'm a ways out from collecting on SS so I won't claim to be an expert, but doesn't your payment depend at least in part on how much you've worked through your life? The guy with large swathes of unemployment is getting less per month than the guy who's worked since he was 16. If I'm off base can someone explain it better for me?
Correct.
Posted on 3/28/24 at 9:49 am to GoblinGuide
quote:
I'm a ways out from collecting on SS so I won't claim to be an expert, but doesn't your payment depend at least in part on how much you've worked through your life? The guy with large swathes of unemployment is getting less per month than the guy who's worked since he was 16. If I'm off base can someone explain it better for me?
Didn't they change it a few years back to base it only on the last five years before retirement rather than your entire life?
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