The numbers just don’t work out...

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  1. jackclee lm profile image83
    jackclee lmposted 10 months ago

    I read today that there is a record number of people collecting social security benefits at 62.8 million.
    The ratio is 2.5 to 1 number of people working vs. the number of people collecting.
    As a newly retired collecting social security, I just have to wonder how is this sustainable over time, especially as the baby boomers are retiring at record numbers...

    1. jackclee lm profile image83
      jackclee lmposted 10 months agoin reply to this
    2. wilderness profile image98
      wildernessposted 10 months agoin reply to this

      This is easy; just keep telling retirees that there was no inflation and thus no COLA, while raising their medicare rates.  Or if there was some inflation, raise medicare rates beyond what the COLA is.  Pretty soon they'll be supporting themselves without using any of the money they paid into their accounts for 40 years or more and  that money can then be given to sanctuary cities to support illegals.

      1. jackclee lm profile image83
        jackclee lmposted 10 months agoin reply to this

        It’s a government sanctioned pyramid scheme. Sooner or later, Congress will have to deal with it.

        1. psycheskinner profile image84
          psycheskinnerposted 10 months agoin reply to this

          It shouldn't be.  It is not the workers paying for the retired, the retired pay for themselves while working by having a portion of their earnings put aside.  If the politicians had not stolen that money, it would be in there to pay out.

          1. jackclee lm profile image83
            jackclee lmposted 10 months agoin reply to this

            Totally agree. It was Congress, the people we elected to office, that broke our trust and stole it or better yet spent it, in all their social experiments in the name of good will...that brought us here.

 
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