Machiavelli1480 t1_jddww0q wrote on March 23, 2023 at 6:20 PM

Reply to comment by rdwarz in A pic I took in a protest in France by rdwarz

Fair enough, but pretty much everyone agrees it will be insolvent if the current course is maintained.

Hugeclick t1_jddxi5l wrote on March 23, 2023 at 6:24 PM

Don't worry, they have money. They will find money. And i won't work until i'm 64. Fuck this shit.

Machiavelli1480 t1_jdef35x wrote on March 23, 2023 at 8:15 PM

If you are from my generation, i hope you have the foresight to realize that by the time you retire, social security wont be what it is for todays retiree's. I'm american, and expecting nothing from social security, invest accordingly. If something is insolvent, its insolvent, rioting wont make more money appear. France wont be able to exploit africa forever, even though im sure they will try.

NoMooseSoup4You t1_jdeje6c wrote on March 23, 2023 at 8:43 PM

You’ll have social security, it won’t be as much as current retirees, but you’ll have it. It also should not be your retirement plan. It should be a part of your retirement strategy. Social security was never meant to be a retirement plan for Americans. It’s purpose has really always been an assistance program to ensure adequate basic needs for retirees. You’re not retiring to a golf course in Florida on social security.

Machiavelli1480 t1_jdejplp wrote on March 23, 2023 at 8:45 PM

Obviously, but i think a smart person would look at SS as a bonus, but shouldnt expect it, especially if you are under 40.

NoMooseSoup4You t1_jdek3ip wrote on March 23, 2023 at 8:47 PM

I wouldn’t say “obviously”. Many people are very irresponsible when it comes to retirement planning and think social security is this pension gold mine designed to give retirees plenty of money to live comfortably.

Machiavelli1480 t1_jdekkek wrote on March 23, 2023 at 8:50 PM

Well in the context of our conversation, i feel like we both made it obvious that expecting ss to cover the majority of living expenses for 15-20 years was a rather absurd. I'm sure there are people that think that, but they will be in for a rude awakening if that doesn't change. Compound that with inflation, it can make a poorly planned retirement miserable.

NoMooseSoup4You t1_jdelhka wrote on March 23, 2023 at 8:56 PM

Yeah, many people won’t be able to retire, unfortunately. We live longer and are having less children. Not a great combination for comfortable retirement plans.