General Discussion
In reply to the discussion: Boomers Dine Out While Millennials Cut Back [View all]Selatius
(20,441 posts)As far as the pocket book issues go, the current one that is most affecting working class households is the rise in Social Security and Medicare taxes on their paychecks, and many of these workers won't see their first SS checks for decades, and many of those are assuming SS might already be raided and dismantled by the time they reach retirement age.
Personally, I ultimately was okay with accepting the end of the payroll tax holiday. I accepted the premise that it was temporary in nature. Plus, I didn't want Congress' General Fund making up short-falls in the Social Security Trust Fund by borrowing even more money, which just gives Republicans a weapon when they argue that Social Security adds to the deficits. As long as the payroll tax holiday continued, they were factually correct in arguing that.