Are you worried about your parents losing social security?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OMG the ignorance. It is not a ponzi scheme as it is government regulated by payroll and has an insured input of $$ as long as it is administered well (and yes that does include rooting out fraud- but last I heard, firing employees won't help with any of that).

SS has a huge legacy of trust associated with it. To remove the trust that those who contributed to it and planned for it and now rely on it is truly 'banana republic'

Agree it's not a ponzi scheme, but it was never marketed correctly to the general public (at least not in recent memory).

Your contributions don't pay for your SS...your contributions pay for current retirees and the system anticipated each generation of workers being larger than the current generation of retirees and much lower life expectancy.

Think about it...how much $$$s did the first SS recipients contribute to the system? If you answered $0, you would be correct.

I was listening to a radio story, and unless something changes (raise the minimum retirement age, raise the amount of $$$s that can be taxed, raise the tax rate, etc.) then SS benefits will automatically have to be cut by like 21% in 6-7 years based on how the system currently works.

You do not sound informed. All they have to do is remove the cap.

[Anonymous]

Anonymous wrote:Yes worried. Social security and Medicare will be gone by the end of year. It will be very hard because they’re also canceling Obamacare.

Oh yes, it's the end of the world as we know it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes worried. Social security and Medicare will be gone by the end of year. It will be very hard because they’re also canceling Obamacare.

Oh yes, it's the end of the world as we know it.

Yep, just pack it in now.

[Anonymous]

No, I'm worried about myself not getting social security which I've paid into and Boomers have stolen.

[Anonymous]

Anonymous wrote:No, I'm worried about myself not getting social security which I've paid into and Boomers have stolen.

That's mistake #1 assuming it was going to be there for you in the first place.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nope. Not the least bit concerned. They have pensions and savings and never really relied on SS to begin with. The same for DH and I. We don’t include it in any financial planning.

For many, their savings is way down since the stock market is tanking due to Trump.

https://www.dcurbanmom.com/jforum/posts/list/1261332.page

The Dow Jones is up compared to six months ago. That’s hardly “tanking”.

How about since he took office?

[Anonymous]

Anonymous wrote:

Anonymous wrote:No, I'm worried about myself not getting social security which I've paid into and Boomers have stolen.

That's mistake #1 assuming it was going to be there for you in the first place.

I never really did, but that extra few thousand a month would have been nice.

[Anonymous]

My dad is a fully disabled veteran. I'm not worried -- if he needs support I will help him. He's done so much for me, he will never need anything as long as it is in my power to help.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nope. Not the least bit concerned. They have pensions and savings and never really relied on SS to begin with. The same for DH and I. We don’t include it in any financial planning.

For many, their savings is way down since the stock market is tanking due to Trump.

https://www.dcurbanmom.com/jforum/posts/list/1261332.page

The Dow Jones is up compared to six months ago. That’s hardly “tanking”.

How about since he took office?

We don't care. Of course there's going to be some market volatility with big changes/reductions in government. It's necessary and long overdue.

[Anonymous]

As someone who has been contributing to the ss cap for most of the past 40 years I won’t be devastated. But it is certainly frustrating.

That said, I’m far more concerned about the future quality of life for my adult children. We have a group of aging politicians and billionaires making decisions in their best short term interests.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Nope. Not the least bit concerned. They have pensions and savings and never really relied on SS to begin with. The same for DH and I. We don’t include it in any financial planning.

For many, their savings is way down since the stock market is tanking due to Trump.

https://www.dcurbanmom.com/jforum/posts/list/1261332.page

The Dow Jones is up compared to six months ago. That’s hardly “tanking”.

How about since he took office?

We don't care. Of course there's going to be some market volatility with big changes/reductions in government. It's necessary and long overdue.

That's pretty obvious that you don't care, but a lot of people do.

[Anonymous]

Anonymous wrote:No, I'm worried about myself not getting social security which I've paid into and Boomers have stolen.

I'm worried about myself getting it but I don't think boomers stole anything. My parents - who are older than boomers - would be ok without SS. (Knock wood.) I don't know if I will be.

Anyway!

[Anonymous]

I'm concerned for ILs one of whom has a Federal pension which isn't all that much, and one of whom relies on SS.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not worried at all because my parents are still alive.

Constant fear mongering is getting tiresome.

Perhaps you need to spend time reading all the the executive orders and presidential memos.

So you spend all your time doom scrolling and felt like adding to the confusion and anxiety?

This is a real possibility that's on the horizon . . . the kind you might want to plan for now in case it comes to fruition.

OK - why, specifically do you believe this is a "real possibility," OP?

[Anonymous]

Anonymous wrote:

Anonymous wrote:No, I'm worried about myself not getting social security which I've paid into and Boomers have stolen.

That's mistake #1 assuming it was going to be there for you in the first place.

Fine, but that is not Trump and Musk's decision.

Let the chicken livered Congressmen put their name down as the ones who killed Social Security.

Whether you think SS should be reduced/changed, the way in which it is being done it wrong. That is the key. So don't just keel over and say oh well I knew it wasn't going to be there. They are ROBBING from you through unorthodox channels. That is the issue.