How would you reform Social Security

Jump to Last Post 1-2 of 2 discussions (5 posts)
  1. AJReissig profile image74
    AJReissigposted 6 years ago

    Social Security began paying out more than it recieves in 2010.  The so called trust fund (which I call so called because it only exists on paper) will run out by 2033.  While I personally like the idea of phasing out the program and allowing people to invest for their own retirement, I am open to other ideas.  How would you reform Social Security so it is sustainable?

    1. habee profile image94
      habeeposted 6 years agoin reply to this

      I kinda like Romney's idea - gradually increase the retirement age and reduce the amounts that the super wealthy get.

  2. profile image0
    JaxsonRaineposted 6 years ago

    I agree with habee. SS isn't supposed to be a retirement fund, it's supposed to be a fund for people who are too old to work to support themselves.

    That definition hasn't changed, even though people are living longer.

    I also like the idea of allowing people to choose to invest at least a portion of their contributions in personal accounts... responsibly chosen funds have always far out-performed traditional SS returns... if we had allowed all the baby-boomers to do that, they could get twice the benefits and we wouldn't have the shortfall in the trust that we have.

    1. AJReissig profile image74
      AJReissigposted 6 years agoin reply to this

      I agree with you both. While I don't like the idea of means testing, I don't see any other choice until the program is solvent again. And if we moved to full or partial funding through individual retirement accounts, it may take a few generations to get us out of this mess.

    2. wilderness profile image98
      wildernessposted 6 years agoin reply to this

      You are mistaken.  Had boomers invested their contributions (and their employers) in long term, safe, mutual funds they would not get twice the benefits.  The number is closer to 10 times the benefits.

      I took my SS statement last year and ran a spreadsheet on it, using income figures from uncle Sam coupled with various returns.  Results were astounding - I should be a millionaire several times over rather than the near pauper I am.  I should have an income to dwarf anything I earned in 40 years of labor instead of the pittance I get from the govt.  The numbers I came up were so out of line with what I will get it prompted a hub.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)