Mommysavers › Forums › General Discussion › In the News › New Retirees will be getting less Social Security benefits than what they paid in.
New Posts  All Forums:Forum Nav:

New Retirees will be getting less Social Security benefits than what they paid in.

post #1 of 12
Thread Starter 

http://www.foxnews.com/politics/2012/08/07/new-retirees-receiving-less-in-social-security-than-paid-in-marking-historic/

 

Like this is a big shock, and we couldn't figure that one out. Also, I bet their won't be any SS when most of us retire.

post #2 of 12

I think we all knew this was coming.  DH and I have just tried to plan on retiring without considering social security because we don't think anything will be left by then.

post #3 of 12

We have quite a few years to go and that 2033 will be here before we can retire so we don't factor in SS as part of retirement at all.
 

post #4 of 12
I'm older so will probably get social security as will my DH. But I agree, that it will probably dry up for younger people. Any of those social programs that don't bring in as much as they send out are crazy. They probably need to raise the age to retire, but that sends people into a frenzy so politicians are afraid to float it. It's a sacred cow.
post #5 of 12

I'm essentially just giving away a good portion of my paycheck. The ss retirement system will not be around by the time I'm able to retire. It's disheartening to see that paystub every two weeks and know I could be putting that money aside for my own future needs instead of giving it to the government for them to put it aside for me and then pull the rug out from under my feet. I feel like I'm just being continuously robbed and I keep handing them my purse with a smile.

 

I say we go with a civil upheaval and just stop handing our money over.

post #6 of 12
Quote:
Originally Posted by Karen1985 View Post

I'm essentially just giving away a good portion of my paycheck.

And my DH & I will thank you for it!! biggrin.gif
post #7 of 12
Quote:
Originally Posted by aliadam View Post


And my DH & I will thank you for it!! biggrin.gif

And then I'll hit you up for money ROTF.gif

post #8 of 12
Quote:
Originally Posted by Karen1985 View Post

And then I'll hit you up for money ROTF.gif

And then I'll go into the Witness Protection Program biggrin.gif
post #9 of 12

Makes me sick that all that money is taken from me and I will never see it. 

post #10 of 12
Quote:
Originally Posted by deemom View Post

Makes me sick that all that money is taken from me and I will never see it. 

You should be voting for candidates that support individual retirement accounts then.
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: In the News
Mommysavers › Forums › General Discussion › In the News › New Retirees will be getting less Social Security benefits than what they paid in.