Social Security and Medicare For 2024

a reply to: WingDingLuey

The larest amount of wealth transfer in history is beginning now. Its all 401K and other savings. The amount is over $240 TRILLION US dollars.

That could be why USA presidents are spending by druken sailors as most of that is all taxed. There is an article on it if you want to to go get it.

Why is it that the cost of living increase, according to a few sites, was 8.7% in 2023,
yet senior citizens only received a 3.2% increase?
Which doesn't matter anyway, being that 'medicare' cost is increasing also.

a reply to: WingDingLuey

I have also been open to allocating our buy ins in the stock market. Perhaps a basket of options is the way to go?

a reply to: charlest2

A couple of things.

First. Since 2000, the federal government has spent 8 trillion dollars on wars in Iraq, Afghanistan and elsewhere. Are they now going to tell us they cant find the money to fix Social Security? That is next level absurdity. I would respond to that, that if they can't find money to shore up social security, we should organize to incorporate a national referendum vote on whether or not they get their retirement benefits if we don't get ours. If they cant get their act together, the people should be allowed to decide to cancel THEIR benefits.

The other thing. For republicans to assert that everyone should have to work to age 69 is also completely nuts. There are scores and scores of jobs where people physically age out of the ability to keep working far before that age. Not to mention that most companies start trying to push workers towards the door when they pass the age of 40, not 70. They had better work on rock solid age discrimination laws on federal level before they try to raise the retirement age that high.