Talk of The Villages Florida - View Single Post - Social Security 2023 COLA to be announced Oct 13th
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Old 10-14-2022, 01:20 PM
Stu from NYC Stu from NYC is offline
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Quote:
Originally Posted by eweissenbach View Post
The younger generation should have to pay none of our SS benefit. Had our contributions been wisely invested and kept in a secure fund with no opportunity to be raided for other purposes, there would be plenty of money to pay our benefits.
Your 100% correct that is how they should have handled the money. Instead they started with a system of full retirement at 65. However at that time few of us lived that long so people paid in and many got nothing back letting the funds in the system grow.

Now many of us are collecting and a smaller and smaller percentage of people working are supporting us making the system unstable.