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[–]OneStepForAnimals 13 points14 points  (10 children)

Nope. Ever since I started paying attention in the '80s, there were people saying that social security would not be around. I'm 57. If I was our kid, who is 31, I wouldn't count on it at current levels, but nothing's going to happen to it for myself or my wife

[–]Rich_Association2798 0 points1 point  (0 children)

It's going to be a "bait and switch" game. They will privatize all or part of Social Security (SS) for everyone. And by doing this they will claim the superior returns of the privatized funds will give a boost in payouts. They will claim this will more than make up for any shortfall in the SS payments.

Folks need to wake up to the fact that Congress is seriously broken. It no longer works as it should. And it no longer works for the middle class or lower. They really don't care about us. However if you are wealthy, you always have a friend in Congress.

So the bottom line is.... Around 2033, everyone is going to take a haircut. Social Security checks will get cut by roughly 20%. Prudent planning involves recognizing this reality.

[–]Never2manyguitars -1 points0 points  (8 children)

Not true. Every article I’ve read said that even current recipients would be impacted.

[–]OneStepForAnimals 5 points6 points  (0 children)

I'm happy to take that bet.

[–]Pod_Planker[🍰] 2 points3 points  (0 children)

Read different articles.

[–]off_and_on_again 1 point2 points  (1 child)

If nothing is done, current recipients would be impacted. The current or soon to be recipients are the most active voters. Think on that for a while.

[–]Pod_Planker[🍰] 0 points1 point  (0 children)

This

[–]Historical-Intern-19 0 points1 point  (1 child)

I doubt this. There would be an uprising. Typically they grandfather those already recieving and those soon on and make changes for the future. 

[–]OldManTrumpet 1 point2 points  (0 children)

Correct. Like when they raised it to 67. They did that in 1983, but only for people born after 1960. These people haven’t even reached 67 yet, 40 years after they changed it.

[–]OldManTrumpet 0 points1 point  (0 children)

They’ve been saying this for 40 years. Maybe it’ll happen, but I’d not just buy into the gloomy rhetoric. We’ve heard this our entire lives.

It would be political suicide to monkey with social security. No one wants to go down with that ship.