New report shows social security money is running low
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- Опубликовано: 8 май 2024
- Social security is a program that has been around since 1935 and provided more than 72 million Americans benefits in March! The new 2024 Social Security Trustees Report states that by 2035, social security trust funds will be exhausted...and unless congress acts, would only be able to cover up to 83% of benefits owed to people who are retired or people with disabilities. "I think that is a very scary reality. I think that a lot of the safe holds that hold people up when they are in times of need are very necessary," said Juan Mauro, a resident in Pinellas County.
How is social security getting low. It should be put aside under each of our names. Social security should only be used for people who put into it.
I read somewhere government is allowed to borrow from it
because 70% of people take out more than they put in
They stole our money..💰
Guess who they gave it
To another bite by this
Administration 😂
Because the politicians keep taking from it to " temporarily shore up" something or other.
And now the boomers and GenX is retiring. Over 57% of the American population . And they are fighting tooth and nail to deny it to many. Over technicalities.
@@isartoraplatz
Really ?
How come welfare never runs low?
absolutely...plenty of money for rent and paying for 'single mothers'.
@@UncleDavesKitchen and Polk county country bums 😊
It’s not welfare that’s taking money is the wars….
Trillions and trillions and trillions of dollars they don’t give well further kind of money ..😂
Exactly
Exactly!
PLENTY OF MONEY TO FUND WARS THOU
Yup!
Plenty of national debt to enrich the defense companies.
Ssi why are we giving 100s of billions to other countries, this is insane, don’t screw over elderly
Because politicians are getting a cut in the billions of dollars 💵
But we have billions to send Israel despite them only representing 2% of our national population.
Israel is our Democratic ally.
How come giving money to other countries never gets low?
There probably taking it from social security
There's always room for more national debt.
Social Security is pre-paid by the recipients, welfare is not! Why don't we ever hear about welfare running out of money?
It should ..
There are 300,000,000 people in the in the United state. and only 72,000,000 are collecting. It should be extremely well funded just off the payments made to the program by current workers. Politicians are siphoning cash off of social security for payola.
Yep. Politicians have been stealing $ from SS for decades
Why do you think they don't let us get out of it. Id rather not contribute and take that extra money to invest myself. They won't let us.. they force you to pay so they can steal your money
BINGO, 🇺🇲🤔🇺🇲.
America has fallen
Correct. All empires come and they go. Usually for the same reasons. The US is spending almost a trillion dollars a year on its military. The infrastructure is falling apart. The country is 34 trillion in debt. The billionaire class pays virtually no taxes, they store their money in tax havens. The middle class is gone. Currently eight thousand Americans die every day! Approximately three million a year. It's not a question "if" the US empire crumbles, it's "when".
But how can you save money when everything is so expensive
That's a damn lie
Limiting your spending and adding more to your 401k in this economy is not possible for people struggling to survive.
Why is Social Security attached to non working people that don't work? Social security is a profit for people who have retired from work and / or disabled from work.
This is the same old song and dance blah blah blah blah blah. 😂😂😂😂😂😂😂😂😂😂😂
Give me my money back then
Politicians better damn well come up with the money they stole from the trust fund then.😠😠😠😠😠😠😠😠😠
Raise the employer tax rate and stop borrowing from social security.
Regular People don't have 401ks, just those highly paid office and tech workers and that sort of thing!
WELL THE (SENATE/ CONGRESS) ARE THERE (UNTIL DEATH). THEY DEFENETLY, DO NOT USE SOCIAL SECURITY OR MEDICARE. JUST THE AVERAGE AMERICAN CITIZEN. SAME OLD B/S, BY BOTH PARTY'S. (MALARKEY).🇺🇲🇺🇲🇺🇲.
I’m a regular person I don’t have office job or tech but I got a 401k
Why? Cause the news have been saying for decades that SS was going to run out. The reason it’s running out is because SS gives money to people that never paid into it like illegals and the people that never wanted to work
It’s time to keep the money and n America only. The American people should not be a piggy bank to other countries
Congress will address it in 2035 no worries. Congress never takes care of any thing till the last minute. Social security is not going anywhere.
I am 41 years old and going to be 42 in a few days, and I am already saving my money, I've started saving my money 20 years ago and have over $30,000 saved up all ready and I will continue to save. You can't trust the government to take care of you. The only person you should rely on is yourself
Sorry to rain on your rugged individualism gospel. Let's say tomorrow you become disable from a injury or a sickness. You can't work. You find out that overpriced health insurance policy you cherish, with its high co-pays and deductibles, stops paying becomes of the hidden caps they on benefits. You exhaust all your savings. What would you do? You'll apply for unemployment benefits, early Social Security, possibly disability, Medicaid, Food Stamps, and finally you'll file for bankruptcy. This scenario happens to over seven hundred, thousand Americans every year. It could happen to you. Currently eight thousand Americans die every day in the US. Approximately three million a year. 70% of the population makes less than thirty thousand a year. Out of the 37 richest countries in the world. The US is the only country without free, universal health care for all of its citizens. In the 1960's LBJ tried to pass Medicare for all. The Insurance rackets fought it tooth and nail. Medicare did pass for people 65 and over. This immediately saved the lives of millions American seniors. Today Medicare is privatized, except Medicare part A. Currently 69% of the wealth in the US is inherited, going back to 1776 the wealth generated by founding revolutionary slave plantations. Most new wealth generated today in the US is made by Wallstreet, Hollywood, Professional sports, Fossil fuel industry, big pharmaceuticals, the military industrial war complex, arms manufacturers.
Keep saving! You might want to look at saving precious metals too.
@@user-se2uv8cl4p Well, you better do the same exact thing I am doing because like I said before you can't depend on the government to take of you. Because, if you don't have any money saved up and you are waiting for the government I guarantee you. You will be living on the streets
@@user-se2uv8cl4p Well, you better do the same exact thing I am doing. Because, just like I said before you depend on the government to take care of you. Because if you don't have any money and rely on the government I guarantee you will be homeless
It’s time we put an end to social security and be able to put our own money to work
Have government pay back the $525 million to each person over 65 owed to them. Every penny of tax money paid to City, County, State, or Federal since a person started working until they retire.
I'll be dead by then, so I don't care.
That's what I thought. WTF? 64 now. How the .... did this happen ?
Ignorance to its replubic for which it’s stands One nation under corporations for emancipation and misinformation, you may be seated , enjoy your self boomer you were the cause of this golden age
@loricrane5315 You two are both lucky bastards.
Increase Corporate Tax rate to previous levels. Problem solved.
limited government funds, that's a new one...
However, coming up with that idea needs to be fired. I'm sure most americans workers isn't voting on this type of bill to go through congress .
We been bamboozled ya hear!!
It should be privatized you should get whatever you put in
Yep. 401k. All tied up in our michigan state Big 3 industries. Lost it all in the 80s. Then again in the late 90s . One can only start over so many times.
And that's just eleven years from now. My point is how quickly time flies. I look at landmarks in my life, such as my time in the military. If stayed in and reired after 20 years, I would have retired 16 years ago. I have been out for 32 years. All the blink of an eye.
Limitinh your spending and adding more to your 401k in this economy is not possible for people struggling to survive. What planet do you live on?
Young people who can't afford homes pay social security to old people who live in homes.
So what is your point? That is how it works and when you are old, young people will fund your SS. 🙄
When current retirees were young, they could afford houses with the minimum wage. SS is a bad socialist system, and should be abolished or optional. Government employees and certain religious groups shouldn't be the only ones exempt from SS.
STOP YOUR WHINING !!!! YOU WANT A HOUSE ....WORK FOR IT LIKE WE DID..YOU SEEM TO THINK IT WAS HANDED TO US...
MA N Y WORKED THERE FULL.. TIME JOBS AND WEEKEND AND EVENING WORK IN ORDER TO BUY THEIR HOME..... AND YOU CERTAINLY DONT KNOW HOW SS WORKS DO YOU OR YOU WOULNT OF MADE SUCH A STUPID COMMENT..
59 1/2 pull all your money from 401k penalty free then collect social security at 62 if your lucky
This is an investment like anything else. If you don't sign up for putting something in it , then, you don't have any thing coming out of it. Now that's a choice and a WIN WIN
A 2:48 long report is considered in-depth. Hilarious. I guess this is all the average viewers brain can take!
I see a lot more homeless seniors in Americas future......
How many were migrants 😮
Local TV news sucks. AMATEURISH.
Bidenomics
This problem started before your mom was born. It's ALL the politicians taking from it for years. About 40-45 years .
Wait until 2035 social security reduced 24% payout.
Im suprised you would re-air an old story. Chheck your archives. It has not even been the 16th time in my life old people are being threatened with all their SS money is gone. Ive grown up with it being constantly threatened.
Make everybody who makes $400,000 or above pay more taxes or their share of taxes and boom problem solved!!!!!! Why don’t you report that instead of fear mongering 🤦♀️🤔
Not really a solution since with rising inflation its no longer considered as rich as it would have been 30 years ago. This applies even more to those who have a single person working feeding 5 people or more. Those kinds of people are living in what we would view as upper middle class. Not filthy rich though.
Old news. Stale points.
Slow. News. Day. 😂
We gave all our money to Israel. Woops.
Bullshit
If you’re planning on living off the government…that’s your first mistake. Social security is not a retirement fund! It should be used as extra money to go with funds you already have saved.
Just another thing boomers get the rest of us wont
Social security is not going anywhere everyone needs to relax.
😮😮 bullshit they better pay me all the money they been taking my shit.
They partied hard in the 60’s and they demand their money now!