1338
1
168
In reply to
2 earlier posts
Current boomers have paid for 100% of their Social Security pension from payroll deductions from their working years. Social Security pensions are not dependent on young taxpayers.
0
0
0
*specifically boomers between years 1946 and 1964, which have actually paid more than they’ll get in benefits.
The others are still taking more than they contributed. It’s fair to say that some current boomers have paid for their Social Security, but many others have not, and the situation isn’t getting any better.
To put it simply, there are just fewer workers paying in to the system than there are people taking money out, and that number only grows as people get older.
This means only about 80% of existing benefit rates are expected to be paid to people when they retire later, and many of those benefiting from existing rates are already taking more from current generations than they paid in.
I don’t think we should universally hate boomers just because the economic situation they were in happened to favor them in some ways, after all, I want my grandma to keep being able to afford her retirement care right now before she dies, but it’s also just not true to say that all current boomers have paid for their social security in its entirety.
Only some of them have, and with the way things are going, it’s not looking like we’ll be any better as we grow older, as rates will have to decline just to prevent draining the entire fund, while people continue to pay the same % of their income into the system.
0
0
0
Loading comments...
About Community
Lemmy Shitpost
!lemmyshitpost@lemmy.world
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules: 1. Be Respectful
___ Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion. Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here. …
2. No Illegal Content
___ Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required. That means: -No promoting violence/threats against any individuals -No CSA content or Revenge Porn -No sharing private/personal information (Doxxing) …
3. No Spam
___ Posting the same post, no matter the intent is against the rules. -If you have posted content, please refrain from re-posting said content within this community. -Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community. -No posting Scams/Advertisements/Phishing Links/IP Grabbers -No Bots, Bots will be banned from the community. …
4. No Porn/Explicit
Content ___ -Do not post explicit content. Lemmy.World is not the instance for NSFW content. -Do not post Gore or Shock Content. …
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts ___ -Do not Brigade other Communities -No calls to action against other communities/users within Lemmy or outside of Lemmy. -No Witch Hunts against users/communities. -No content that harasses members within or outside of the community. …
6. NSFW should be behind NSFW tags.
___ -Content that is NSFW should be behind NSFW tags. -Content that might be distressing should be kept behind NSFW tags.
…
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. @STRIKINGdebate2@lemmy.world
39358
Members
25135
Posts
Created:
June 10, 2023
View All Posts