09-26-2008, 01:42 PM
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#22
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The Mayor / 2009 Member of the Year / Moderator
Join Date: Jan 2005
Location: Northwest
Posts: 8,869
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Quote:
Originally Posted by SteveR
If I remember correctly, without finding the paper, it's that the increase in how long people live, coupled with the increase in percentage of American's over 65, and the lack of increase in Government pay-ins to SS will result within ten years of more people claiming SS than the SS fund can pay out.
EDIT- I remember one other point. It's that you're paying into a fund at a set rate that doesn't compensate for inflation, so the money you put in 20 years ago, isn't worth the same amount today, so you're in fact LOSING money paying into SS.
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And since more people will be retired than in the workforce. My generation can't pay for all the baby boomers, not enough of us.
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Quote:
Originally Posted by BonzoHansen
Is English your 2nd language? Did you graduate high school? Your posts make my head hurt.
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Team FARM
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