I'm on SS, but returned to work because it isn't enough for even my simple life.
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.
I'm on SS, but returned to work because it isn't enough for even my simple life.
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.
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.