Do you think there will be SSI/ Retirement in the future?

[Justneedtokno]

I’m talking with my father and thinking about the mother I want to retire in the future and to be able to comfortably, but I’m very unsure of our government system

[Sixgunsound]

I don’t believe there will be, but I do believe we will keep getting taxed for it. Just like other pseudo-banana republics, when the empire is circling in the bowl the emperor and his cronies are looting the treasury. That’s essentially what all this warmongering is about, although they don’t usually overtly shove piles of cash into the hot zone. They usually just “donate“ lots of expensive taxpayer owned equipment for the belligerents to sell on the black market and then take their cut. They must know they are desperately short on time until too many normies wake up and they will be arrested. Ukraine is just too good at laundering money for the American political class that since they know the music is rapidly about to stop, they just have to keep pumping resources into their manufactured war, and now the naked truth of the weekly piles of cash that they wish they could’ve sent all along to pick up when they arrive at wherever their hidey-hole is are going out and they aren’t even trying to hide it anymore. Time must truly be short. They know the timetable better than we ever will; they created it after all.

[Sixgunsound]

Thanks for MHO

[Justneedtokno]

Make sense

[lightbulb27]

Govt has been defaulting on most everything, now student loans. The name of the game is to inflate away the debt. So... yes, it will exist, but likely won't pay what you need to survive. It isn't security anymore, you need to have your own savings support. For example, maybe I still get my promised $2900 /month but after I retire, due to inflation and taxation, I'll be homeless if that's all I receive.

[DizzyDesii]

I don't know i dont really rely on that. I keep my own stash

[saffoler]

I will be surprised if it is still around when I reach 65.

[NamerOfStars]

It depends how far in the future you mean, but beyond certain point, no- at least not meaningful amounts. Social security was created in a time when only a small portion of the population would live to collect it, and the incoming generation was big enough to keep supplying it. Today, the ONLY first world countries whose population isn't aging out of sustainability are the US and New Zealand- and in point of fact, that's not "today", that's five years ago; New Zealand probably IS again, since even those two countries only are because of immigration, and even *they* are only holding steady, not increasing.

[OnTheLevel]

It will probably exist but in some form different from what we see today. Social security is not intended to be a retirement plan so plan your retirement as if it won't be there. Social security was always intended to simply supplement your personal retirement savings.

[Justneedtokno]

I know and I have a actual retirement plan, but SSI does help

[Lionman95]

Though not coming from the US I think that chances are that our and younger generation in the West might work until death. There are less children in our generations so if the young pay for the old´s retirement chances are that are not enough to keep that system running.
So it could be that many have to work even if they are old because the money they get for retirement isn´t enough for living.

[AviatorTom]

Social Security is not going to disappear but it would be prudent for younger people to also have their own retirement plans (401K, IRA) to supplement SocSecy when they reach retirement.

[Fireguy17]

I think so.
It would be political suicide to not have it.
If they would quit stealing money from it there would be plenty left.

[NewsReader]

I see no signs of it being ended. Until something pops up, no need to worry.

[NathanDavis]

why would they ever give up on taking your money... lol

they just won't... certainly not in our lifetime, anyway

[Jamie05rhs]

Yeah, but that's not the issue. They're running out of money.

[NathanDavis]

@Jamie05rhs they... who?

[Jamie05rhs]

Social Security

[NathanDavis]

@Jamie05rhs lmao... right

the US government is always running out of money... especially around election times

[Jamie05rhs]

@NathanDavis They actually literally are. Which is why they keep having to pass CRs to avoid a government shutdown. 🤷

[NathanDavis]

@Jamie05rhs just go... back in time and remember

how many times before in the past, over and over, and over... has the US government been about to go "broke" and "run out of money" and how many times it did not happen at all

here's a guess... as many times as there has been any kind elections and stale negotiations from either party against the other

when are you all going to learn... lol

[Jamie05rhs]

@NathanDavis The crises that they keep finding themselves in are due to the debt ceiling. That's the uppermost limit on the amount of money that the government is legally allowed to borrow. And it keeps getting pushed higher and higher, because our debt keeps growing higher and higher. If they didn't raise the debt ceiling, they wouldn't even be able to pay the interest on the previous debt.
Think about that for a minute.
That's how bad it is.

It's a shitshow.

[NathanDavis]

@Jamie05rhs think about this for one second... though

the US borrows money... from the USA, lol

[Jamie05rhs]

Actually, China (PRC) buys U. S. Treasury Bonds.

[NathanDavis]

@Jamie05rhs go ahead and check again the balance...

the USA owns a lot more debt from other countries, than all those countries own USA's debt

politicians ALWAYS tell you that "foreign countries OWN our debt!!! they will come and ask for their money any time SOON!!!"

but they never tell you about that other side fact... how debt the US could collect from them, the very moment they come to collect from the USA

[Jamie05rhs]

Japan and China own the most U. S. debt, with China being number 1.

[NathanDavis]

" It’s not just the amount of money that America owes that has her citizens so concerned, either. A big part of this discussion is who American owes money to. For a long time, the biggest holder of U. S. debt was China. But did you know that in late 2016, Japan overtook China as the biggest foreign holder of U. S. debt? Japan and China are, by far, the two biggest holders of U. S. debt – but the top five is filled with countries that you might not expect. How about Ireland, the Cayman Islands, and Brazil? Did you expect them to be substantial holders of U. S. debt?

Then there are the countries that owe America money. Even though Japan holds the biggest amount of U. S. debt, the U. S. is also owed a lot of money by them too. Debts and investments are reciprocal relationships. Debts are often created as a natural part of doing international business. So they aren’t always as big, bad, and scary as people make them out to be.

Still, speculative reports by the Congressional Budget Office in 2014 indicate that America needs to cut back its debts in general. In 2011, the CBO said that “The nation cannot continue to sustain the spending programs and policies of the past with the tax revenues it has been accustomed to paying. Citizens will either have to pay more for their government, accept less in government services and benefits, or both.”

[NathanDavis]

The United States has been in a form of public debt ever since its creation – it’s the debt as a percentage of GDP that worries economists. As for Mainland China’s ownership of public debt? Many economists dismiss concerns that are raised in that area. In fact, the Department of Defense agreed with this in 2012, when they made a report to analyze the national security risks that U. S. government debt held by China might raise. In that report, the Department of Defense wrote that “attempting to use U. S. Treasury securities as a coercive tool would have limited effect and likely would do more harm to China than to the United States.”

The situation is more complicated than you might expect – so we’ve taken the liberty of mapping out US foreign debts! Using this infographic, you can see which countries owe the U. S. money, which countries the U. S. owes money to, and the total amounts. We’ve also broken down the “difference between actors,” which represents the difference between how much America owes and how much it’s owed. Get the facts for yourself right here! "

[NathanDavis]

@Jamie05rhs have some fun with these numbers too...

[Jamie05rhs]

The graph was sponsored by TitleMax. LOL. That's hilarious.

And sorry; I got Japan and China switched around. My bad.

[NathanDavis]

@Jamie05rhs also funny... that you decided to ignore the points, lol

and focused on the sponsor conveniently...

[Jamie05rhs]

@NathanDavis I read it, bro. It was very interesting. Thanks for sharing.

[msc545]

I am sure there will be. it is far too popular for anyone to do away with it safely and yet get reelected.

[KennyG72]

social security payouts are manipulated by controlling the stipend level and retirement age, so, probably, but retirement age might be 75

[exitseven]

I imagine there will be. Either that or they will get Dr Fauci to make a virus that only kills old people.

[Sixgunsound]

Oh wait…

[GoodGuyBreakingBad]

I agree with you and they are supposed to give a huge increase in COLA cause of the inflation so who knows I wish everyone the best.

[legalboxers]

Nope.. the GOP wants to end social security. So save every penny

[KrakenAttackin]

I doubt it. The politicians have raided social security for decades.

[jimmy2]

I work my ass off all my life all I get is $1,300 from social security and I am 200 percent below poverty level. So I went to a hospital who has funding for low income now I doing about 5 surgeries

[Sixgunsound]

If you can’t get what is owed you through the front door, get it through the back door, right?

[Hispanic-Cool-Guy]

Idiot Republicans desire to rid of it. Another reason to hate that political party.

[Anonymous]

No unless people invest early and well, in private holdings

[Jamie05rhs]

Probably not.

[eagle1951]

no i don't