Quote:
Originally Posted by goof2
There is pretty much zero upside for a politician to reform SS and a ton of downside to it. There are really only five options available for reform; 1) cut the amount of benefit payments, 2) extend the age where people can start to collect, 3) increase the SS withholding amount, 4) make those with money at retirement ineligible for collecting SS, or 5) increase the return on SS investments so the system makes more..
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#2 is the worst option IMO, because 60+ year olds aren't taken very seriously in the workplace unless they are a top manager. In lower positions they get ignored and looked down on because their peers are 30 years younger. And that's if they can find a job. More often than not they're forced to work retail, or sit around selling yardsale items on Ebay.
The privatization option was the only real option. I don't need the gov't managing my retirement. Especially not with their dismal return rates.
People need to wake up and stop thinking they'll be able to live on Social Security. I mean, what is the maximum benefit, like $2000 a month?