Oh this one is fun... and pretty odd. There is an obvious fix for the parasites using Social Security
I don't understand why there's "repair" on anyone's mind. Just abolish it. Tomorrow, preferably, to maximally rug the spammers boomers.
The risk?
tens of millions of Americans in the 2050s and beyond will enter later life with little, if any, financial security.
Well,
- tens of millions of Americans are entering working life with "little, if any, financial security" — in no small part due to efforts (=siphoning) and incompetence by boomers.
- who cares about social security payouts in 2050... Everyone will just have bitcoin (well, let's be honest: gold. Schiffy is winning).
While many Americans today are entering later life in good financial shape, the prospects for large numbers of younger workers are more dire. A survey last fall by the Pew Research Center found that almost half (45%) of Americans under age 65 aren’t confident they’ll have sufficient assets to get through retirement—or say they won’t be able to retire at all.
Exactly. Fuck. The. Boomers.
"Among workers within 10 years of turning 65, the median retirement savings is just $30,000."
If getting more Americans enrolled in savings plans is the biggest challenge on the retirement front, fixing Social Security runs a close second. At the moment, unless Congress acts, the program’s trust fund will be depleted in late 2032, at which point beneficiaries will see their monthly checks reduced about 22%. Without reserves from the trust fund, Social Security relies solely on payroll taxes to pay beneficiaries; those taxes aren’t sufficient to pay 100% of benefits
Oh the woes of us little ones:
And Generation X and millennials, in particular, she notes, might have more advantages than they realize when it comes to living a long and healthy retirement.
“They’ve had different struggles than older generations—more with mental health and stress,” she says. “On the other hand, there’s much more awareness about nutrition and exercise. And that’s a big plus.”
Fuck. The. Boomers.
Archive:
Do you think they considered the most obvious option- don't.
No, that stuff never occurs to central-planning politicians, always with a saviour complex
@denlillaapan receives welfare payments from the Iceland government.
His economic 'analysis' lacks credibility.
The west has lost the trade war and is losing its desperate attempt at sustaining the petrodollar hegemony via war.
Chinas state capitalism has won the trade war and now dominates global trade in commodities and manufactured goods.
Its not the Boomers so much as the imbecilic neoliberal-Libertarian US exceptionalist financialised everything nonsense that asserts that markets rule and government is a burden.
@denlillaapan and other GenX-millenial losers might enjoy the movie Skyking...I know I did.
Wake up!
Join a union and start fighting back against the corporate elite parasites that own your government.
Excuse me, the US is fighting the war. Europe is dying and losing. Don't give them credit.
You act like capitalism is an establishment opinion. We've been getting shot at, ridiculed, sued, and censored constantly since FDR. This is the first time we've ever had serious influence in government, and we're going to use to it to declare total war on communism worldwide because your system is not worth living under and this is our only shot at bringing it down.
You're just mad because you wanted peaceful unification instead of WW3. We're not making peace with communists. They're unconstitutional.
Nice virtue signal, but entirely useless as a prescription... not going to happen.
#1479698
Current admin gets this, or at least pays lip service to getting it anyway. Who's poor, retiring poor, or not, all comes back to equity stake in the means of production rather than fiat fun coupons.
Take the social security fund, quit holding it in a doom loop of a currency that debases itself to pay itself, put it in equity. Current equity holders get market rate, people forced to make SS contributions quit getting their money inflated away, and the lower inflation required going forward as a result flattens the curve a bit between equity owners and wagies.