Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

PoindexterOglethorpe

(25,949 posts)
1. I can tell you that younger people have been concerned
Sat Jul 30, 2022, 08:49 PM
Jul 2022

about Social Security not being there when they retire for at least 50 years now.

I'm 73, and when I was in my early 20s, co-workers would say that Social Security would be long gone before we'd retire. Even then I'd tell them they were nuts, and didn't really understand how SS worked. Interestingly enough, those same co-workers were averse to saving for their own retirement.

And collecting early is a dumb move, because most people will live a fuck of a lot longer than they think they will. I held out until age 70 to collect, and I'm very glad I did. Keep in mind that yearly increases, when they occur, are a percentage, and so the more you start out with, the more it will increase over time, especially compared to the early takers.

Latest Discussions»Editorials & Other Articles»The propaganda campaign t...»Reply #1