Electile Dysfunction (Current students plz look!)

[D_Eclipse9916]

Sorry, but most experts disagree that we will be insolvent on SS.  In fact, we can run at our current pay out till 2035 without a single change.  Even AFTER 2035 with WORST case scenario of no change; we will likely receive 75-90% of our benefit.  And that's at our current very low "return on investment that the fund gets".

I was wrong... its 25% reduction... and it is stable at the 25% reduced rate past 2035 (which i'm sure 99% of us are going to be 67 after that date)... still a terrible savings account lol

from the SSA: Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits. This increase in cost results from population aging, not because we are living longer, but because birth rates dropped from three to two children per woman.

You are repeating what I said in your quoted.  Can I ask what your point is?  

Yes, terrible savings account; but it's a social safety net, not an investment.  The more you make the less benefit you receive, which is kind of the point.  SS has never been touted as a high return investment.  SS paying out to widows, disabled and those who can barely pay for their rent, nevertheless into their IRAs is a gift that helps lift many out of poverty who would otherwise go destitute. And come on the payouts are just barely enough to keep rent paid, its not like their going to aruba. Plus unlike other social programs, they pay directly into it while they work and benefits are proportional to how much they put in!