Quote:
Originally Posted by Mrs. M
I understand what you're saying but I don't believe that's going to happen. I think SS will be "rescued" by whichever party will benefit the most when the actual "crisis" occurs.
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That could be. But, I'm imaging a future where skyrocketing lifespans and improved medical technology (along with the baby-boomer generation) put an ever-increasing strain on the program. As such, I can easily foresee a future where the government makes the decision to tell those who don't really need SS for their retirement, essentially "Sorry, but you have too much money - we need these fund for those who don't."
That is to say, I see a SS down the road, when I'm that age that opts out of paying some (those who don't "need" it). Either that, or they'll jack up the retirement age to an absurd one, and get out of paying me that way. Either way, I'm extremely skeptical that I'll see the benefits I would now if I were retiring, given my projected income and lifestyle.