The building I work in was built by a 5B a year corporation that employs 5,000, but uses tens of thousands of illegal construction workers via subcontractors. So they are doing a million a year per actual employee. Illegals paid straight time no tax no benifits.
The largest tenant is a Partnership Law firm, doing 500M a year with 1,000 Employees. so 500K in Business. There are several hundred Employees who are Partners, in fact, there are less than 100 employees who aren't lawyers. 60 of those less than 100 are in IT. Everyone is treated well, with constant parties, free beverages, and snacks. Great pay and benefits for all.
With all due respect, SS was never meant to fund one's retirement. It's a supplement to any pensions a person receives, along with their personal retirement savings. Basically it's there to stop retirees from starving to death and being homeless after retirement. It was never meant to continue one's lifestyle they had preretirement, no matter how frugal.
There is an epidemic going on right now of retirees moving in with their children because they did not adequately prepare for their retirement.
While I sympathize with people not being able to afford retirement, I feel this falls more in line with issues of personal responsibility.
My generation and those younger will probably never see a penny of the money we've paid into SS because of the likelihood it will go bust before we retire.
This is something that we've been told of pretty much all our lives and hopefully my generation is saving more for their retirement than our parents did.
Which is not an easy thing to do with insane college tuition, the Great Recession happening at the peak of our earning potential, the pandemic putting many of us out of work, insane housing costs, and the inflation we're facing now.
Yeah, I'm just griping over my bad choice to sell out and move/build abroad. I never expected SS to be my only money, and it's not. I'm clever with money but have found that is more important than how much you earn working. I increased my net worth by 27K over the last 10 months, that's pretty good for a security guard paycheck. I also will have 27K in 0 APR CC debt paid off within a few more months, paying zero interest. Hint: CC Debt funded the increase in my net worth, not buying crap.
I completely get it. It's hard to predict how bad the future will be.
I'm moving my happy ass to Costa Rica as soon as I can.
My wife is a Flipino, We were living there from 2017 to Sept. 2020. We have a family to help, and my wife needs 8 more years to reach 62. I'm on SS but working now we are back. I plan to live in The Philippines during winter then come back and work each year. A Snowbird... kek