S/S increase Prediction

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  #1  
Old 05-11-2022, 05:28 PM
Michael G. Michael G. is offline
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Default S/S increase Prediction

Social Security checks could jump 8.6%, expert predicts.


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  #2  
Old 05-11-2022, 05:41 PM
rustyp rustyp is offline
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Originally Posted by Michael G. View Post
Social Security checks could jump 8.6%, expert predicts.


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  #3  
Old 05-11-2022, 05:45 PM
Stu from NYC Stu from NYC is offline
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And the fund runs out of money that much faster.
  #4  
Old 05-11-2022, 05:48 PM
Michael G. Michael G. is offline
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And the fund runs out of money that much faster.
Yep, If this happen, S/S we will be seeing the end of S/S in our lifetime.
  #5  
Old 05-11-2022, 06:00 PM
retiredguy123 retiredguy123 is online now
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I don't receive Social Security, but it appears that my obscenely high Federal pension will become even more obscene. Pretty soon, they will be paying me more money to do nothing than they paid me to do next to nothing while I was employed. What a system!
  #6  
Old 05-11-2022, 06:04 PM
Bogie Shooter Bogie Shooter is offline
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I don't receive Social Security, but it appears that my obscenely high Federal pension will become even more obscene. Pretty soon, they will be paying me more money to do nothing than they paid me to do next to nothing while I was employed. What a system!
Then it’s true…..
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  #7  
Old 05-11-2022, 06:07 PM
Michael G. Michael G. is offline
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Pretty soon, they will be paying me more money to do nothing than they paid me to do next to nothing while I was employed. What a system!
Yep, those are the types of jobs young people want today, employed to do nothing and get paid.
  #8  
Old 05-11-2022, 06:27 PM
rustyp rustyp is offline
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Originally Posted by Michael G. View Post
Yep, those are the types of jobs young people want today, employed to do nothing and get paid.
And some of them are your lawyers, doctors, policemen, firefighters, etc. Oh I left out financial advisor who you will need when S/S runs out of money.
  #9  
Old 05-11-2022, 06:31 PM
retiredguy123 retiredguy123 is online now
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Then it’s true…..
I don't know what that means, but when you hire 10 people to do what 2 people can do, it's difficult to stay busy. I was criticized many times for being too fast and too efficient and making other employees look bad. Not exaggerating.
  #10  
Old 05-11-2022, 07:03 PM
RVJim RVJim is offline
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I don't know what that means, but when you hire 10 people to do what 2 people can do, it's difficult to stay busy. I was criticized many times for being too fast and too efficient and making other employees look bad. Not exaggerating.
I love these kinds of discussion threads. Somehow someone commenting on a possible SSI increase opens the door for unverifiable humble bragging.
  #11  
Old 05-11-2022, 07:14 PM
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I love these kinds of discussion threads. Somehow someone commenting on a possible SSI increase opens the door for unverifiable humble bragging.
Minus the humble part
  #12  
Old 05-11-2022, 07:26 PM
retiredguy123 retiredguy123 is online now
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Minus the humble part
Ok, I plead guilty. But, my intention was to inform taxpayers how their tax money is being wasted.
  #13  
Old 05-11-2022, 08:40 PM
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Originally Posted by Michael G. View Post
Yep, If this happen, S/S we will be seeing the end of S/S in our lifetime.
Since people will still be paying into the system they will still be paying out but will not have the funds to pay what we were promised. Last I read is we will get about 74%.

Hopefully they will some things to fix this.
  #14  
Old 05-12-2022, 06:49 AM
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They lowered 88 year old Dad's SS this year. Only reason I got from THEM was medicare and his secondary insurance was increased. BS
  #15  
Old 05-12-2022, 08:07 AM
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Originally Posted by MDLNB View Post
Yes, the gov will give us a supplement and then expect us to be full of gratitude for their "gift" to us. If they would have invested our payroll deduction where we could have increased out investment with interest, AND did NOT give to those that did not contribute, then maybe it would not be dangerously low. We do have a larger group than the Boomer generation that are or will be entering the work force. That is, IF they decide to go to work. That should put funds back into the pot. After all, SS IS a Ponzi scheme. Let's keep those young folks producing babies. We need more in the work force. After all, having babies is good for the economy.
Actually making it harder to get abortions increases the labor force down the road making it easier for SS to stay solvent.

They could have/should have done a better job of setting this up but that ship has sailed. As a matter of fact in the beginning when retirement age was set at 65 most people did not live that long allowing assets to grow. Imagine if individuals did something like that.
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