General Discussion
In reply to the discussion: So, just how much money are those lazy seniors getting from their Social Security? [View all]JDPriestly
(57,936 posts)than people think.
The rich do not need Social Security. As I explained they usually get most of their money from sources on which payroll taxes are not imposed so they may not get that much Social Security.
The middle class -- how are you defining that?
Much of the middle class right now is dependent on Social Security for much or all of their income at this time. Where else are they to get it? Some have pensions, but they may not get Social Security and those of us who are younger mostly don't have pensions.
Owning a home does not mean you have income. And reverse mortgages are like hornet's nests. Seniors learned during this last crisis not to go there. Very few seniors have enough savings to pay any interest income with today's interest rates.
I don't know who you are talking about.
Maybe you are talking about the upper 5%. But that is not the reality of most of us and not the reality of those who really rely on Social Security.
People who have a lot of money imagine that everyone lives like they do. Most of us do not.