>>>*I remember it being called "Supplemental Security", not "Social Security". The idea was to save for old age, and then recieve a stipend to help in a person's old age.
It was never intended to be a complete source of income.
*Then government added dependents, disability, next we saw people addicted to illegal drugs being placed on the rolls, illegal aliens working in this Country and then going back to their own and our government sends them their check.
Then in their wisdom, government SPENT the money, telling us that we would recieve our "Social" security from future revenues.
I personally saw the flaw and being normally suspicious I began a savings and investment regimen. I put an average of 10% of everything I made into investments.
Then as it had actually grown rather steadily, along with a few surprising years of gains, I figured that I would have enough even when the system did collapse.
I say here "when" because I could have predicted what is coming at least 30 years ago.
My wonderful idea would have worked, too, except for one little problem.
I just had a bank offer me $0.70 percent on a rollover time deposit certificate IF I was willing to lock it up for a year with a 10% penalty for early withdrawal.
*They told me that with a straight face, too.
Now THAT works out to a fruit jar and a hole in the ground being a better deal because I at least would have access to the capital.
Yea, I am a baby boomer myself, actually I think I am on the leading edge of that.
The result of more than 30 years of "government"?
This baby boomer will work for the rest of my life.
Our ONLY solution is to REMOVE every single one of them at the first chance we get.
Will that work? Probably not...I will say that from a financial standpoint I am completely disgusted with this government......*EB