I started my SS at 62 1/2, my wife who is 20 months younger than me started at 62. With my pension for working 25+ years we’re doing just fine.That was over 3 years ago & we never looked back. Haven't touched our investments other than to travel. I had two brothers die of cancer 3 years apart. One died at 62 & never drew a dime of his SS. The other died at at 65 & drew 10 months. Let's be honest here, the reason the Government is offering you a bigger payday at 70 is because they're banking on you not making it!
I'm sorry about your brothers. Waiting for higher SS payouts can indeed feel risky. that's why it's important to consider planning for retirement early. Have you thought about working with a financial advisor? In my opinion They can help make your money work better for you in retirement and plan for unexpected expenses. It might give you more peace of mind and help you enjoy your retirement more. Best wishes!
So sorry you lost your brothers at such an early age. Congress doesn't seem to understand the more they threaten to raise the age or even to lose some benefits the more seniors that will start taking what they can at 62. In fear of never getting any at all. Forget the notion of waiting til 70.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
Stop worrying. This is an attempt by Wall Street to scare you into privatization. Wall Street wants to charge you fees and suck off some of your gains. Every ten or so years the opulent minority try to get back the gains you received through the New Deal. Don't let them. Social security is fine. You could email your congressperson and tell them to lift the cap on social security limits.
LMAO! It's a Ponzi scheme. Your money has already been spent. You can only hope to get the younger generation to fund your lack of planning by them paying into Social Security so you can collect the ponzi! 🤣😂
Looking at the comments it looks like everyone is of the same opinion - stop sending our tax dollars all over the world and take care of our citizens. You would think we’d all be smart enough to get together and vote these assholes out that have been up there for decades !
Still way more then you pay.wait tell you don't have a job because illegal immigrants will work for nothing cause you are paying for everything they get sad.😢😢😢😢
I'll let My employer know so they can stop taking the taxes out of my check...if I'm not going to be able to have Medicare when I'm older there's no sense in paying for it now
If you’re that good in investments, then you shouldn’t even need Social Security at this point. You don’t even need the money you paid in the Social Security. You just heard that from some Talkin head on TV and repeated it and don’t even know what it means. Your ass down somewhere.
@@pcb462 nah I actually don't invest, I'm saying we the people can do a better job on our own than the government who robs us does. Even if we don't invest it and just save it, it in our own accounts to never be touched until the time of retirement we'd be better off than TRUSTING THE Government. Social security was an account they were never supposed to touch but yet here we are. They've been "borrowing" from it. And don't tell me what to do, boot licker, we all paid in to it we all should all be pissed and concerned. We're all AMERICANS GETTING EFFED OVER
@@pcb462 talking heads. You're probably getting your news from the other talking heads saying oh it's okay social security is running out of funds by 2035, work till your 70, because it's a good thing, after all thats why we've been taking 6-7% of ea paycheck of the entirety of your hard working life. Most of us aren't living to the age of 70 the way we have to work to make ends meet under Obama and Biden
Vote blue and you have nothing to worry about.All the republicans have been talking about getting rid of social security and Medicare. Trump this weekend at maralardo said he wanted to get rid of all welfare ,ie. Social security and Medicare programs. They have been scaring every generation since Regan, that social security programs were not going to be there for them when they retire. Fortunately the Democrats always had enough power in Congress to do something about it. If trump wins in November all bets are off . He’s going to become dictator for life and all the programs to help the middle class will be gone. I have been voting since 1971 and it always amazes me how half the middle and lower classes vote against their own interests.
We vote these politicians in office and this is our legal taxpayers and citizens money, Stop sending to other countries and allowing illegals to spend our money!!!! Certain laws needs' to be changed such as social security and medicare yet politicians want to spend billions of dollars on illegals and we as legal citizens allow this non- sense with these politicians instead of demanding change such as social security and medicare and sanctuary city laws they have totally given up on immigration policy and laws and also bail reform All these laws needs to be ABOLISH.... And legal taxpayers and citizens vote on these laws not politicians.... There a RUclips channel call New York Post look it up and see how this lady went off on eric Adams on the airplane she told him off and u could see the shock on his face she spoke the truth!!!! And we as the people need to start standing up for truth and making noise verbally letting these politicians No this will not be accepted We vote them in we need to vote them out!!!!
There is no decade to fix the problem. Social security is already spending more than they bring in. This will make our deficits even larger as we have to borrow the money.
@@nosheizer1294 Maybe we shouldn't have elected the guy who was VP when Russia took Crimea and President when they invaded Ukraine while trading an arms dealer for a basketball player and releasing money to their allies 😂
@@derekh1593 who’s “we”? Your poor English simply illustrates you are located in a country that uses the Cyrillic alphabet. 🤣🙄 Putler invaded Ukraine because the Floridian Fondler, his puppet was voted out, and his plans to pull out or weaken NATO failed. 🤡
Why should anyone else have to pay into your social security? The whole social security program is a scam. You pay in your whole life and they use your money for others. They also don’t invest properly and borrow from it which a regular pension plan would never be allowed to do.
But remember that the rich control company's that supply jobs to America. Yet Biden wants to rise taxes on the rich to 40% why would you waste your time if you can't make a profit?
They will just waste the money they get. We are paying illegals to invade us. 18 million and counting. They all get paid rooms, food, debit card, phone, plane rides. Must be nice
Because congress raided the fund for other projects, and basically emptied the coffers, so now it's pretty much "living day-to-day" rather than having a buffer saved up. That money needs to be paid back.
I'm going to retire in five years..I've paid onto the system my entire life...I better get something for all the money taken from me over the last 50 years...🤬🧐
Chi Rho=Christ Cairo=Egypt both are pronounce the same except one is Roman and the other Egyptian but both are written using English letters so don't let the Babel confuse you.
Just curious, could ABC hire a real journalist and task them to do a series of investigative reports that truthfully explains where this hard-earned SS money has been pilfered? It's the money of your friends, families and children, too. Honesty would be appreciated.
@@shirleyashanti3031 borrowing are you fucking kidding me. You pay into it, it's your money when you retire and to get ssdi at a fair amount you had to have paid in.
As a Democrat Seeing the economic situation, food shortages, dangerously biased media, open borders, destructive liberal policies, taking away freedom from we the people while the elite do what they want ..... I'm ready to vote for any constitution loving candidate!!!
Go unaffiliated then vote for the best candidate. Politicians will backstab each other $$$. As long we the citizens are doing good 👍 is all that matters.
@@nosheizer1294 its beyond geopolitics man. yall support sending all this money over cause you claim its prevent ww3, which is apparently gonna happen if russia wins. a BS story i dont buy. its not our war. its not our business. just like afganistan never was. its quite pathetic to support starving your nation to support another that doesnt care a minute about you. we are just the sugar daddy.
What? Income tax goes to government and infrastructure among many things, but not Social Security. You pay social security from your paycheck separate from your taxes. Have you never done your own tax return? Look at your W-2, you see the pox for Social Security paid, and a different box for federal taxes?
@@Temporal_Assassin infrastructure built for the benefit of companies not the average citizen. We pay for our own cage. We pay our utilities so taxes don’t pay for that, the roads are built in manners that ensure the only way to get around is by car (regardless of what citizens want), the police cares more about beating kids in encampment rather than saving kids from shooters, the military doesn’t answer to us. So why should we continue funding a government that no longer work for us?
I urge every single American citizen who gets their check stubs every week every month to look at it see what government takes out FICA Social Security government is already taking from tax money plus Social Security Plus FICA government still saying that this is still not enough to help people as many people put into Social Security and FICA as well as taxes before they got disabled on a job what about the ones who are born disabled who can't work what are they supposed to do see what happens when more money goes to protecting criminals instead of law-abiding citizens
Social Security has ALWAYS been a scam. This has always been inevitable. Let folks invest their own retirement funds instead and we'd all be more wealthy.
@@johng1738 I can only imagine the catastrophic homelessness that this would cause for the elderly. Even if SS is only reduced, that's not a good plan for the government. 🤞
I work tell I was 72! Some of these lazy asses retire at 62!! And then say the grandkids don't work hard but that never worked your real hard day in their life
There are millions of people who are 65 when they got here and they are entitled to collecting SSI, and SSA based on disability or age even though they never paid a dime into it. Furthermore, their sons or daughters can get In-Home-Support-Service money by claiming that their parents are ill and needed them to be home. I've worked for social services agency for 19 years and know all the loopholes in the system very well.
This is crap considering we have sent HOW MY H MONEY overseas AND we all pay out social security every paycheck?!?!? Perfect example of how AMERICANS come last (unpopular opinion, I know, but NOT sorry I said it)
In a decade the vast majority of baby boomers drawing on Social Security will be dead so moving through the decade towards that reality less SS will be drawn every year. It would help dramatically if wealthy individuals and corporations actually paid taxes and contributed to SS in amounts commensurate with their wealth relative to those people who will rely in it to live after they have spent their lives and money making the wealthy - wealthy. You know paying your “fair-share” is not socialism or communism. It’s just fair.
Internal Revenue Service (IRS) data indicates that the wealthy in America are bearing the heaviest share of the income tax burden than in any time in recent memory. On the other hand, more than 53 million low- and middle-income taxpayers pay no income taxes after benefiting from record amounts of tax credits, and six out of 10 households receive more in direct government benefits than they pay in all federal taxes. The top 0.1 percent of taxpayers in 2018 paid a greater share of the income tax burden than the bottom 75 percent of taxpayers combined. Don't buy into the democrats Marxism comrade.
Time for our Congress to get off of their a**** and do something NOW and not put it off for 10 years. They sure are quick to cancel student loans . What about the Senior Citizens who worked hard to raise those kids?
I wonder if the new dates for insolvency are related the how many older people died of COVID thus reducing the payouts on SS and MEDICARE. Based on government census figures the reduction on payouts is in the billions annually. (There is also an error, sort of, in the reporting calling Social Security an "entitlement" , yeah by definition is is an entitlement but because we paid directly into the SS fund the word entitlement does not feel appropriate.)
Sure lets cut the benefits for all the American elderly that spent their life working and paying into the system. Where else is the money going to come from to hand out thousands to the millions of illegal invaders walking over the open border.
That's because social security was created for retirees. They paid in via their taxes almost like a trust fund. But many non working people receive it for disabilities. I think there should be a separate fund for those who pay in versus those who never worked or worked very little. Or, separate it as disabled versus retirees. Because getting old isn't a disability. If they paid in all their working years, they should have something in their golden years. The other thing is how the government spending is being done. Our taxes are supposed to be funding the United States alone. We have so many issues of our own that sending 90+ billion for foreign aid is ludicrous! The other issue is if people strike on paying taxes, they will hurt veterans, disabled people, and other aid to the public in ways that will create more problems. We won't have roads to drive on. We won't have any infrastructure anymore. No more health care. No more running water. No more anything! The migrants... this is a temporary phase. If the people stop paying their taxes, it will hurt this country in ways nobody dares to fathom! Research how your taxes work to run this country in totality before you go down this road! You'd be throwing the baby out with the bath water!
We send money and material support long before we go about fixing our own country’s problems and that’s a huge a problem, look where we are now because of decades of that type of decision making,we need to stop taking of other countries before ourselves.
You want Soc Sec and Medicare funded properly, vote Blue. With a Democrat as President, and a Democrat-controlled Congress, many problems would be admirably solved, and these two programs would be properly funded. Why do so many dependent upon Soc Sec and receiving Medicare vote for republicans who want to do away with both programs? Giving aid to other countries isn’t the problem. In fact, such aid helps the US in the long run. Don’t be foolish. Vote Blue.
Why is this news site trying to get the young newscasters to report this very old and recycled untrue story AGAIN ? Some of us are over 23 and see this circle around every 8-10 years. Im SO tired of the baseless old crap. Is there NOTHING else you can try to scare the NEW old people with ? We've been hearing this for 6 decades !
Why is no one talking about why SSI will be insolvent in 10 years. It's because congress can "borrow" money from SSI and not pay it back. So far to the tune of 2 trillion dollars.
My mom always told me that I cant rely on Social Security, that it will be gone by the time I am in my 60's. Now I know that is one smart lady and I am glad I listened, I started saving aggressively for my retirement in my early 20's. I just look at Social Security as another stupid tax I have to pay in which I don't know where it goes.
Whoever didn't see this coming. Let me know. If this is the case, just give me all the money you have taken out since I began working and dont take out anymore, and we are squared away. There's no sense in paying into something I will never see. That folks is common sense.
Don't we all know by now that there is never a solvency issue regarding Social Security or Medicare, and for that matter the US government as a whole. The government can print money people. It does not need to raise money or borrow from any one to meet any payment obligation. The only issue there ever was or is, is whether there will be enough resources to meet the demand that the money represents. So the main issue is that there is to little resource to meet the demand produced by the new money issued thereby creating the possibility of inflation. So the main concern is inflation not insolvency and inflation can be dealt with by creating an incentive to produce more or through our tax system which will take the excess dollars out of the system. With respect to Social Security and Medicare the main issue is will we have the necessary resources available to meet the demand of the money created (more doctors, medical devices, hospitals and related infrastructure). The main reason for the social security and medicare payroll tax is to redirect resources from the working population to those who require the retirees and those in medical need. The reality is that this spending and tax system we have is the government's tool to redirect resources and thereby control inflation, and is not in any way a financing operation. The US government does not now nor have they ever needed our money. It was the government's money to begin with and it enters the economy only when the government spends. Although the Social Security and Medicare systems are set up to look like we are all paying into some sort of trust fund to be paid out later, the reality is that this is just a bookkeeping exercise to track who gets what out of these entitlements. There is no actual money being saved to run out of or create an insolvency issue. The US government can always decide to payout social security and medical bills, or not depending on the politics of the times.
I started my SS at 62 1/2, my wife who is 20 months younger than me started at 62. With my pension for working 25+ years we’re doing just fine.That was over 3 years ago & we never looked back. Haven't touched our investments other than to travel. I had two brothers die of cancer 3 years apart. One died at 62 & never drew a dime of his SS. The other died at at 65 & drew 10 months. Let's be honest here, the reason the Government is offering you a bigger payday at 70 is because they're banking on you not making it!
I'm sorry about your brothers. Waiting for higher SS payouts can indeed feel risky. that's why it's important to consider planning for retirement early. Have you thought about working with a financial advisor? In my opinion They can help make your money work better for you in retirement and plan for unexpected expenses. It might give you more peace of mind and help you enjoy your retirement more. Best wishes!
So sorry you lost your brothers at such an early age. Congress doesn't seem to understand the more they threaten to raise the age or even to lose some benefits the more seniors that will start taking what they can at 62. In fear of never getting any at all. Forget the notion of waiting til 70.
The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you weren't to blame for.it's especially difficult for people who are retired.
True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.
I fully agree and place great value on my advisor's role in guiding my daily investments. They excel in both long and short strategies, managing risk for potential gains and protection against market downturns. Their access to exclusive insights and in-depth analysis makes exceeding expectations a regular outcome. In the two-plus years I've worked with my advisor, I've gained over 1.2million dollars.
@@ThomasChai05My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
So.stop sending money to other countries, and stop paying for people who are here illegally. Fund SSI
Yeah it's true they were gonna charge me like 5G for dental ridiculous I walked out of there 😊
👍
The money for Medicare and Social security comes out of our paychecks!! IT ISNT GOVERNMENT FUNDED!! How are you this dumb?
They like to avoid and delete common sense comments like this
Problem is republicans keep taking loans from SS and other things then not paying it back. It isn’t foreign aid that’s the issue.
Give me my money back before the pot runs dry.
💯💯💯 We want our money back. Run us our checks.
Never paying taxes again
Stop worrying. This is an attempt by Wall Street to scare you into privatization.
Wall Street wants to charge you fees and suck off some of your gains.
Every ten or so years the opulent minority try to get back the gains you received through the New Deal. Don't let them.
Social security is fine.
You could email your congressperson and tell them to lift the cap on social security limits.
LMAO! It's a Ponzi scheme. Your money has already been spent. You can only hope to get the younger generation to fund your lack of planning by them paying into Social Security so you can collect the ponzi! 🤣😂
Zelensky says no.
yet we have 95 billion to Israel and Ukraine
They only got the guns. That 95 billions dollars went right into the pockets of some weapons manufacturers who likely struck a deal with Biden.
The money for Medicare and Social security comes out of our paychecks!! IT ISNT GOVERNMENT FUNDED!! How are you this dumb?
The US is sending weapons tho not cash
@@catwheeler which costs money
😂😅🤑
Why don’t they just appropriate another 90 billion for SS like they have for Ukraine ? It would be money better spent
Looking at the comments it looks like everyone is of the same opinion - stop sending our tax dollars all over the world and take care of our citizens. You would think we’d all be smart enough to get together and vote these assholes out that have been up there for decades !
and 95 billion to countries with free universal healthcare. These disastrous projections come around every five years.
Brandon's America? Make other countries great again!
What's wrong with universal health if we are already paying for???
That has absolutely nothing to do with SOCIAL SECURITY. For God's sake, being back Civics classes in schools
How much did the government borrow from the Social Security fund afew decades ago? I don't recall hearing that it was paid back. 😠😡😵
Put our money here instead of overseas..
This would absolutely cause a revolt.
Yeah lots of fist shaking and bitching
That's why they keep Americans distracted with entertainment & tasty food. Keep them dull & submissive.
Why do I pay 6% of my income to SS, when the rich (millionaires) pay somewhere around 1% or less.
Still way more then you pay.wait tell you don't have a job because illegal immigrants will work for nothing cause you are paying for everything they get sad.😢😢😢😢
Why do illegals collect ss?
💯 The rich should be paying the same percentage
@@coolcat8867 Exactly what I'm saying.🙂🙂
Their 1% is still far more than your broke as pays
I'll let My employer know so they can stop taking the taxes out of my check...if I'm not going to be able to have Medicare when I'm older there's no sense in paying for it now
Where do we vote to put that in motion 👏 👏 👏 👏 👏 tf am I paying for?
You’re paying for the people that are retired now. Not enough people will be paying into the system when you retire.
@@rocco1267 like I said if I can't reap the benefits of it I shouldn't be paying into it
💯💯
Playing into the republicans playbook is not wise. SS is going to be ok unless they end it.
At this point I just want my money I paid in back and I'll invest it my self, 1000000x better than the government has
If you’re that good in investments, then you shouldn’t even need Social Security at this point. You don’t even need the money you paid in the Social Security. You just heard that from some Talkin head on TV and repeated it and don’t even know what it means. Your ass down somewhere.
@@pcb462 nah I actually don't invest, I'm saying we the people can do a better job on our own than the government who robs us does. Even if we don't invest it and just save it, it in our own accounts to never be touched until the time of retirement we'd be better off than TRUSTING THE Government. Social security was an account they were never supposed to touch but yet here we are. They've been "borrowing" from it.
And don't tell me what to do, boot licker, we all paid in to it we all should all be pissed and concerned. We're all AMERICANS GETTING EFFED OVER
@@pcb462 talking heads.
You're probably getting your news from the other talking heads saying oh it's okay social security is running out of funds by 2035, work till your 70, because it's a good thing, after all thats why we've been taking 6-7% of ea paycheck of the entirety of your hard working life.
Most of us aren't living to the age of 70 the way we have to work to make ends meet under Obama and Biden
Fr
she basically said, we’ve got a decade to fix the problem… but congress has to be the one to fix it… let’s just give up now 💀
they will wait to the last possible min....and then just ask for a continuance ....they never act or get anything done.
Vote blue and you have nothing to worry about.All the republicans have been talking about getting rid of social security and Medicare. Trump this weekend at maralardo said he wanted to get rid of all welfare ,ie. Social security and Medicare programs. They have been scaring every generation since Regan, that social security programs were not going to be there for them when they retire. Fortunately the Democrats always had enough power in Congress to do something about it. If trump wins in November all bets are off . He’s going to become dictator for life and all the programs to help the middle class will be gone. I have been voting since 1971 and it always amazes me how half the middle and lower classes vote against their own interests.
We vote these politicians in office and this is our legal taxpayers and citizens money, Stop sending to other countries and allowing illegals to spend our money!!!! Certain laws needs' to be changed such as social security and medicare yet politicians want to spend billions of dollars on illegals and we as legal citizens allow this non- sense with these politicians instead of demanding change such as social security and medicare and sanctuary city laws they have totally given up on immigration policy and laws and also bail reform All these laws needs to be ABOLISH.... And legal taxpayers and citizens vote on these laws not politicians.... There a RUclips channel call New York Post look it up and see how this lady went off on eric Adams on the airplane she told him off and u could see the shock on his face she spoke the truth!!!! And we as the people need to start standing up for truth and making noise verbally letting these politicians No this will not be accepted We vote them in we need to vote them out!!!!
When Repubs even talk about possible solutions Biden lies and claim they want to cut SS. In the meantime Biden's plan is to do nothing except lie
There is no decade to fix the problem. Social security is already spending more than they bring in. This will make our deficits even larger as we have to borrow the money.
"They got money for wars but can't feed the poor"
-Tupac
I'm with Pac on that one.
In the case of the Ukraine war, it’ll be a lot more expensive if Putler is not stopped now. 🤔
@@nosheizer1294 Maybe we shouldn't have elected the guy who was VP when Russia took Crimea and President when they invaded Ukraine while trading an arms dealer for a basketball player and releasing money to their allies 😂
@@derekh1593 who’s “we”? Your poor English simply illustrates you are located in a country that uses the Cyrillic alphabet. 🤣🙄 Putler invaded Ukraine because the Floridian Fondler, his puppet was voted out, and his plans to pull out or weaken NATO failed. 🤡
@@derekh1593 “releasing money to their allies”? Again your poor command of the English language gives you away Ivan 🤡
Cut the pensions of those failing to protect ours.
Especially those living a.lavish life w our money
Do you guys think Ukraine and Israel will pay our social security when the time comes?
Nope
Lift the social security cap on income.
That’s literally all they have to do 👍
Quit spending money we don’t have
@user-mv8dm6zs6jNo the cap on paying into SS. If you make over a certain amount you don't have to pay in anymore
Not just lift it do away with it no cap at all. Let these billionaires pay a percentage for every dollar they make would fix it overnight
Why should anyone else have to pay into your social security? The whole social security program is a scam. You pay in your whole life and they use your money for others. They also don’t invest properly and borrow from it which a regular pension plan would never be allowed to do.
Tax people who are wealthy? It’s not hard to fix, America needs to close tax loopholes for the rich
But remember that the rich control company's that supply jobs to America. Yet Biden wants to rise taxes on the rich to 40% why would you waste your time if you can't make a profit?
Yet borders now wide open for making of 3rd world country. That you Democrooks and rhinos 😢
They will just waste the money they get. We are paying illegals to invade us. 18 million and counting. They all get paid rooms, food, debit card, phone, plane rides. Must be nice
It will NEVER EVER HAPPENED. Rich taxing the rich. LOL.
Who wrote the exemptions that everyone is allowed to utilize? Legislation did.
Because congress raided the fund for other projects, and basically emptied the coffers, so now it's pretty much "living day-to-day" rather than having a buffer saved up. That money needs to be paid back.
How was it legally possible to raid the fund ? This sounds like the Madoff ponzi scheme
I'm glad I've been paying into it for 30 plus years not like I wanted to
I'm going to retire in five years..I've paid onto the system my entire life...I better get something for all the money taken from me over the last 50 years...🤬🧐
well you'll probably get a bunch of I.O.U.'s at this point
👏🏽👏🏽👏🏽🙏🏽🙏🏽🙏🏽❤️❤️❤️
just be glad you were healthy enough to work that long
@@DJMarkmann yes, but my health is starting to fail me.. I worked my ass off for 50 years..
it's because we give all our money to other countries..
Chi Rho=Christ Cairo=Egypt both are pronounce the same except one is Roman and the other Egyptian but both are written using English letters so don't let the Babel confuse you.
Oh, well. My teachers were telling me to be ready for this before they even started calling us Gen-X.
Just curious, could ABC hire a real journalist and task them to do a series of investigative reports that truthfully explains where this hard-earned SS money has been pilfered? It's the money of your friends, families and children, too.
Honesty would be appreciated.
I've been hearing this since the 1960's. The fact is, all you need to do is raise taxes on the rich.
Or how about not wasting trillions of dollars doing stupid things like Joe Biden does?
You act like the rich lose haha are you dumb tax the rich the poor just get it even worse
Stop borrowing from Social Security
@@shirleyashanti3031 borrowing are you fucking kidding me.
You pay into it, it's your money when you retire and to get ssdi at a fair amount you had to have paid in.
And then create enough loopholes in tax law that the rich end up paying a fraction of what is required of them. Good luck
Then STOP sending money to Ukraine and funding people who are not here legally- that would help!!
Stop supporting Israel too…
As a Democrat
Seeing the economic situation, food shortages, dangerously biased media, open borders, destructive liberal policies, taking away freedom from we the people while the elite do what they want ..... I'm ready to vote for any constitution loving candidate!!!
🙌
And the people follow the liars because they love the song
You think voting matters? They're all rich you think they hang out with poor?
Go unaffiliated then vote for the best candidate. Politicians will backstab each other $$$. As long we the citizens are doing good 👍 is all that matters.
Unfortunately there is not 1. They are all out for themselves
Yet we send billions away every year.
every week at this point..
Tell everyone you don’t understand geopolitics without telling everyone🙄
@@nosheizer1294 its beyond geopolitics man. yall support sending all this money over cause you claim its prevent ww3, which is apparently gonna happen if russia wins. a BS story i dont buy. its not our war. its not our business. just like afganistan never was. its quite pathetic to support starving your nation to support another that doesnt care a minute about you. we are just the sugar daddy.
@@nosheizer1294 You just did...
@@lonniebeal6032 👈🏽 another stable genius that wants to tell everyone they don't understand how government budgets work 😝🤣🤡
Then they should only provide this to Americans only not for these newbies that came across our border
Lol their not eligible for ss ...its not welfare
@@devilsson6660 You do realize they get fake/stolen identifications including SS numbers and then file for benefits, right?
@@devilsson6660 check it out there is a lot of them receiving this already
Is there a reason NOT to revolt these days?
So why should I pay income tax then?
Why should you be an oxygen thief?🙄
What? Income tax goes to government and infrastructure among many things, but not Social Security. You pay social security from your paycheck separate from your taxes. Have you never done your own tax return? Look at your W-2, you see the pox for Social Security paid, and a different box for federal taxes?
@@nosheizer1294 the rich are the ones stealing oxygen.
@@Temporal_Assassin infrastructure built for the benefit of companies not the average citizen. We pay for our own cage. We pay our utilities so taxes don’t pay for that, the roads are built in manners that ensure the only way to get around is by car (regardless of what citizens want), the police cares more about beating kids in encampment rather than saving kids from shooters, the military doesn’t answer to us. So why should we continue funding a government that no longer work for us?
@@Belloking1 Ugh, OK, not sure of what that rant has to do with Social Security, which does not pay for those things.
No money for other countries!!!
Tell everyone you don’t understand Geo politics without telling everyone😝
@@nosheizer1294Oh shut the hell up
Protest
I urge every single American citizen who gets their check stubs every week every month to look at it see what government takes out FICA Social Security government is already taking from tax money plus Social Security Plus FICA government still saying that this is still not enough to help people as many people put into Social Security and FICA as well as taxes before they got disabled on a job what about the ones who are born disabled who can't work what are they supposed to do see what happens when more money goes to protecting criminals instead of law-abiding citizens
But they have money to send over seas?
Where is the "Protest" for serious American issues like this?!!
They have them all stuck on something emotionally trivial
Are you out there protesting if this issue is so important?
Well the world's not going to last all about much longer anyway
Social Security has ALWAYS been a scam. This has always been inevitable. Let folks invest their own retirement funds instead and we'd all be more wealthy.
Sounds good to me!
That sounds good on paper, most people can't budget themselves out of a paperbag, let alone invest properly.
@@AKAAAKthank you, sounds good in theory, in reality though it would cause a huge increase in poverty for the elderly.
@@johng1738 I can only imagine the catastrophic homelessness that this would cause for the elderly. Even if SS is only reduced, that's not a good plan for the government. 🤞
@@AKAAAK that’s why it’s my opinion that it’s not going anywhere. There is no government program that returns as much as social security.
Let's just keep giving money away that should fix the problem.
America last Biden administration.
Open borders and foreign wars
All my dollars go towards are illegal immigrants and other countries… who needs to retire right??
Go figure……f the American people. Watch who u vote for people
I work tell I was 72! Some of these lazy asses retire at 62!! And then say the grandkids don't work hard but that never worked your real hard day in their life
This is more propaganda. You've been saying this for fifty years. Cut the media crap.
There are millions of people who are 65 when they got here and they are entitled to collecting SSI, and SSA based on disability or age even though they never paid a dime into it. Furthermore, their sons or daughters can get In-Home-Support-Service money by claiming that their parents are ill and needed them to be home. I've worked for social services agency for 19 years and know all the loopholes in the system very well.
This is crap considering we have sent HOW MY H MONEY overseas AND we all pay out social security every paycheck?!?!? Perfect example of how AMERICANS come last (unpopular opinion, I know, but NOT sorry I said it)
How is anyone surprised?? Billions to Ukkkrainian gov.
That Tree of Liberty is getting mighty thirsty.
Simple fix, remove the income caps! Make the wealthy pay their share!
In a decade the vast majority of baby boomers drawing on Social Security will be dead so moving through the decade towards that reality less SS will be drawn every year. It would help dramatically if wealthy individuals and corporations actually paid taxes and contributed to SS in amounts commensurate with their wealth relative to those people who will rely in it to live after they have spent their lives and money making the wealthy - wealthy. You know paying your “fair-share” is not socialism or communism. It’s just fair.
Tax the rich. Problem solved.
Internal Revenue Service (IRS) data indicates that the wealthy in America are bearing the heaviest share of the income tax burden than in any time in recent memory. On the other hand, more than 53 million low- and middle-income taxpayers pay no income taxes after benefiting from record amounts of tax credits, and six out of 10 households receive more in direct government benefits than they pay in all federal taxes.
The top 0.1 percent of taxpayers in 2018 paid a greater share of the income tax burden than the bottom 75 percent of taxpayers combined.
Don't buy into the democrats Marxism comrade.
Just refund us 100% of what i paid in and we'll call it good, you tried your best govnmt.
But i dont see them ever giving us something back
Pull from Medicaid food stamps welfare.
No!!! Pull from foreign aid did have to billions to ISREAL maybe a million and Taiwan not a war...
Time for our Congress to get off of their a**** and do something NOW and not put it off for 10 years. They sure are quick to cancel student loans . What about the Senior Citizens who worked hard to raise those kids?
hope the governments ready for how we are going to react to that when it happens
Well, Ukraine will need to finance this with Paybacks
So why keep paying taxes? The money goes to ukraine and israel or to agencies that continue infringing on the rights of Americans
Don’t worry. They’ll drag it down to the wire and then reform it. It’ll be a great resume builder for a senator who wants to be president.
Been waiting for this announcement since the 80s when the republican congress dipped into it....
Democrats had the House majority throughout all of the 80's FYI.
I wonder if the new dates for insolvency are related the how many older people died of COVID thus reducing the payouts on SS and MEDICARE. Based on government census figures the reduction on payouts is in the billions annually. (There is also an error, sort of, in the reporting calling Social Security an "entitlement" , yeah by definition is is an entitlement but because we paid directly into the SS fund the word entitlement does not feel appropriate.)
Stop corporate raiders !
Lucky for Biden he has that nebulous “tax cheat” line to fall back on. Otherwise, he might have to actually do something.
Sure lets cut the benefits for all the American elderly that spent their life working and paying into the system. Where else is the money going to come from to hand out thousands to the millions of illegal invaders walking over the open border.
Stop sending money to Israel
Don't worry if they can send money around the world they can pay ss. The government misuesed ss for years.
So whats the point of paying taxes?
Thanks Democrats.
Tell us something we didn’t know! I’ve just contributed towards it for 15 years for no reason.
That's because social security was created for retirees. They paid in via their taxes almost like a trust fund. But many non working people receive it for disabilities. I think there should be a separate fund for those who pay in versus those who never worked or worked very little. Or, separate it as disabled versus retirees. Because getting old isn't a disability. If they paid in all their working years, they should have something in their golden years.
The other thing is how the government spending is being done. Our taxes are supposed to be funding the United States alone. We have so many issues of our own that sending 90+ billion for foreign aid is ludicrous!
The other issue is if people strike on paying taxes, they will hurt veterans, disabled people, and other aid to the public in ways that will create more problems. We won't have roads to drive on. We won't have any infrastructure anymore. No more health care. No more running water. No more anything!
The migrants... this is a temporary phase. If the people stop paying their taxes, it will hurt this country in ways nobody dares to fathom! Research how your taxes work to run this country in totality before you go down this road! You'd be throwing the baby out with the bath water!
After paying in for 35 years getting close to retirement age they better stop taking it now and cut me a check. There will be hell to pay
Anyone with a brain already knows this - turn off your taxes - stop funding criminals.
Is unsustainable cause of the upside down demographic pyramid
All about controlling and want us to have nothing!!! Our Government!!!! Oh, I forgot GOD is bigger than them.❤
I thought this new monetary policy, is to just print money...so what's the problem??
We send money and material support long before we go about fixing our own country’s problems and that’s a huge a problem, look where we are now because of decades of that type of decision making,we need to stop taking of other countries before ourselves.
If memory serves...20 years of shoveling money into afghanistan ??
Easy solution, raise the ceiling on annual earning subject to social security taxes. It should not be limited to $168,000.
You want Soc Sec and Medicare funded properly, vote Blue. With a Democrat as President, and a Democrat-controlled Congress, many problems would be admirably solved, and these two programs would be properly funded. Why do so many dependent upon Soc Sec and receiving Medicare vote for republicans who want to do away with both programs? Giving aid to other countries isn’t the problem. In fact, such aid helps the US in the long run. Don’t be foolish. Vote Blue.
New report? We've known this since the 1980s. That's why they raised retirement benefits age.
Why is this news site trying to get the young newscasters to report this very old and recycled untrue story AGAIN ? Some of us are over 23 and see this circle around every 8-10 years. Im SO tired of the baseless old crap. Is there NOTHING else you can try to scare the NEW old people with ? We've been hearing this for 6 decades !
Why is no one talking about why SSI will be insolvent in 10 years. It's because congress can "borrow" money from SSI and not pay it back. So far to the tune of 2 trillion dollars.
All Congress has to do is REFUND both programs! Simple.
My mom always told me that I cant rely on Social Security, that it will be gone by the time I am in my 60's. Now I know that is one smart lady and I am glad I listened, I started saving aggressively for my retirement in my early 20's. I just look at Social Security as another stupid tax I have to pay in which I don't know where it goes.
Then it's time to stop taking taxes from the people. They need those taxes.
Was this on Good Night America? You propagandists make too much. The show is over.
Whoever didn't see this coming. Let me know. If this is the case, just give me all the money you have taken out since I began working and dont take out anymore, and we are squared away. There's no sense in paying into something I will never see. That folks is common sense.
Simple solution. Raise the cap. Make the wealthy pay the same percentage of their income as everyone else.
Other comments make it more than obvious why this shouldn't happen.
If it does happen, it's time for the people to take drastic action.
How can social security be broke? While we give billions to other countries! We need to take care of the American taxpayers first!
Don't we all know by now that there is never a solvency issue regarding Social Security or Medicare, and for that matter the US government as a whole. The government can print money people. It does not need to raise money or borrow from any one to meet any payment obligation. The only issue there ever was or is, is whether there will be enough resources to meet the demand that the money represents. So the main issue is that there is to little resource to meet the demand produced by the new money issued thereby creating the possibility of inflation. So the main concern is inflation not insolvency and inflation can be dealt with by creating an incentive to produce more or through our tax system which will take the excess dollars out of the system. With respect to Social Security and Medicare the main issue is will we have the necessary resources available to meet the demand of the money created (more doctors, medical devices, hospitals and related infrastructure). The main reason for the social security and medicare payroll tax is to redirect resources from the working population to those who require the retirees and those in medical need. The reality is that this spending and tax system we have is the government's tool to redirect resources and thereby control inflation, and is not in any way a financing operation. The US government does not now nor have they ever needed our money. It was the government's money to begin with and it enters the economy only when the government spends. Although the Social Security and Medicare systems are set up to look like we are all paying into some sort of trust fund to be paid out later, the reality is that this is just a bookkeeping exercise to track who gets what out of these entitlements. There is no actual money being saved to run out of or create an insolvency issue. The US government can always decide to payout social security and medical bills, or not depending on the politics of the times.
No forgiving loan college loans as long as there is a chance of Social Security having trouble. MHO
Just about the time I will need it. You gonna fix it Mr briben? Your a joke, wait till you get your eternal reward. 😂😂😂
Go ahead, cut our social security and see what happens. We paid for it so it better be there!
American citizens are last on the list of the government’s concerns
We need the billions for the student loan repayments.
i bet all of the government officials will still be taken care of . they are saving our money for themselves .
ALWAYS THE NARRATIVE DURING ELECTIONS
Glad I planned ahead for retirement and do not need social security.
See what hapens if they cut it. We have been paying into it for decades so it better be there or else! Vigilante justice
Everything will be insolvent.
I wont be alive by the time it runs out. Teach your children to earn and save money, now.