Are you worried about your parents losing social security?

[Anonymous]

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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.

They are uninformed then. People care about a lot of things that make no sense, like market volatility. If they simply sit tight and wait it out, it will be fine.

[Anonymous]

Anonymous wrote:I'm worried that there will be a disruption to payments with all of the staffing cuts. That will be a big problem for my mom. She was about to pay off a loan and I advised her to hang on to her cash for the next few months.

I'm not worried about SS going away permanently, but I am worried about a disruption to payments. My parents are dead, and FIL has money, but MIL lives off of her SS checks. If DOGE messes up the payment system, we'll have to support her until it is fixed.

[Anonymous]

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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.

They are uninformed then. People care about a lot of things that make no sense, like market volatility. If they simply sit tight and wait it out, it will be fine.

I love your paternalistic tone. Very on trend fir this administration

"They are uninformed, but I'm not, internet stranger."

[Anonymous]

Anonymous wrote:They're not going to take it away from current beneficiaries. Can you imagine the uproar?

And who is listening?

https://www.nytimes.com/2025/03/04/us/politics/gop-town-hall.html

[Anonymous]

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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.

I assumed we wouldn't be getting it way before Trump took office.

Wise decision

Is there anything else you didn't think you were getting? Like Freedom of Speech, ACA, being told if there is an outbreak near you, tornado or hurricane warnings, not having sewage in your drinking water.

That way you will be prepared not to be disappointed

[Anonymous]

Anonymous wrote:

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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.

I assumed we wouldn't be getting it way before Trump took office.

Wise decision

Is there anything else you didn't think you were getting? Like Freedom of Speech, ACA, being told if there is an outbreak near you, tornado or hurricane warnings, not having sewage in your drinking water.

That way you will be prepared not to be disappointed

This thread is about social security. Take it on over to politics for the fight you so desperately seem to want.

[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 want my money.

[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.

You think Elon won't take the pensions away?

I was just thinking that too, but some people like to be smug. I felt bad even mentioning it to them. Like what do I care if their parents have enough

Seriously. I have to laugh when people know they fired people illegally, accessed our personal data illegally, have cut medicare so medicines are already more expensive, have threatened to invade around six countries, and then...you think they will keep paying your pension?? It never crossed your mind that maybe they will not?

[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”.

With two trade wars and the 100,000 job losses and continuing layoffs at private companies, there's a ways more for it to tank.

[Anonymous]

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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.

They don’t read.

Link(s) please? I'd like to read about the likelihood of this happening.

Joe Rogan podcast with Elon Musk. He calls SS a "ponzi scheme."

Cato Institute calls SS a "ponzi scheme."

Of course, they won't say directly, "We will gut social security" because people would freak out. Cato Institute also does not point out that SS could be funded if they taxed people on earnings above $176,000. Funny how they didn't mention that detail...

In essence, the program operates like a Ponzi scheme: Paying benefits promised to earlier generations depends on new revenues from current and future workers. With an aging population, the worker-to-beneficiary ratio has been decreasing, making Social Security’s finances increasingly unsustainable and placing a growing fiscal burden on workers. According to the Congressional Budget Office (CBO), the payroll tax would need to immediately increase by 4.3 percentage points, from 12.4 percent to 16.7 percent, to cover the program’s long-term funding shortfall. This means an additional $2,600 in annual payroll taxes for a median earner ($61,000 annually), bringing their total payroll tax burden to more than $10,000 each year.

https://www.cato.org/white-paper/cato-institute-report-department-government-efficiency-doge#shrink-social-security

That is kind of scary, probably they should root out fraud as much as possible in order to minimize risk.

Who is "they"? Do you mean the Musk teen coder who goes by the name "big b-lls"?

[Anonymous]

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 Musk and Cato Institute incorrectly calling SS a ponzi scheme.

If they taxed people who earn over $176,000, that would solve a lot of problems. One of Musk's programmers earns $190,000 of our taxpayer money and pays zero social security tax on anything above $176K.

[Anonymous]

Anonymous wrote: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.

What about people who will starve without their social security checks?

I can't believe more of you don't care about people, fellow Americans, you don't know. Geez.

[Anonymous]

Anonymous wrote:

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?

I'm OP and did not write that.

OP

[Anonymous]

Anonymous wrote:

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.

Thank you!

+100

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

I assumed we wouldn't be getting it way before Trump took office.

Wise decision

Is there anything else you didn't think you were getting? Like Freedom of Speech, ACA, being told if there is an outbreak near you, tornado or hurricane warnings, not having sewage in your drinking water.

That way you will be prepared not to be disappointed

This thread is about social security. Take it on over to politics for the fight you so desperately seem to want.

Oh no.

I want to keep talking about social security.

I just wanted to point out that you may have low expectations about the government working for you so you are blind to being ripped off