Quote:
Originally Posted by Packer Fan
I would bank on it. You people, seriously? Old people like us vote. Any politician that cuts benefits will be unemployed after the next election, any of them. Period. They will fix it sooner or later, but I would be willing to bet a large sum of money the "cuts" will be increasing the retirement age for people in their 30s right now, a small increase in the taxes, increasing the income "cap" on SS taxes for high earners, etc. It will not involve cutting benefits to current or soon to be retirees. If you believe this, I have some beautiful farmland in Arizona to sell you, right on the ocean. Seriously people.
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The change occurred in 1985. That means people born in 1960 were only 25 years old, when they learned they'd need to be 62 to receive "early retirement" SS benefits. That also means they had 33 years to prepare for it.
If the government does that with the current batch of 25-year-olds, then THEIR change won't become effective for another 30-something years or so, giving them plenty of time to prepare for it.