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...
Here is the detail article -
https://www.cnsnews.com/commentary/tere … d-61859250
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.
It’s a government sanctioned pyramid scheme. Sooner or later, Congress will have to deal with it.
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.
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