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social security, running out
ikn0w ur m0m
post May 12 2005, 05:43 PM
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do you think that social seurity will run out by the year 2014.. ive been readin some finacial articles and they said its predicited that it will.
 
 
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esharp
post Jun 1 2005, 04:22 PM
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i think social security will last until somewhere around that time... but i think that it's really stupid that the government shaves money away from our paychecks for social security. when it comes to the time where we really need it, it will have run out...
 
*mipadi*
post Jun 9 2005, 11:56 AM
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QUOTE(esharp @ Jun 1 2005, 5:22 PM)
i think social security will last until somewhere around that time... but i think that it's really stupid that the government shaves money away from our paychecks for social security.  when it comes to the time where we really need it, it will have run out...
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Well, in theory, when it comes tme for you to need it, a younger worker will be paying your benefits, too; so it's not like the government takes money from you, and never gives you anything in return.

The problem with Social Security is that around 2014, money being taken in (from younger workers) will be less than money paid out in benefits (to retirees).
 

Posts in this topic
ikn0w ur m0m   social security   May 12 2005, 05:43 PM
FoOd   I think... they'll use old ones. Like recycabl...   May 12 2005, 06:34 PM
mona lisa   Maybe another system will be implemented? Although...   May 13 2005, 05:03 PM
sadolakced acid   no, that's when it stops taking in more money ...   May 13 2005, 05:13 PM
mona lisa   ^Wow, that's around how much the debt is.   May 13 2005, 05:26 PM
ikn0w ur m0m   yea the debt is terrible but i think it will run o...   May 14 2005, 09:49 AM
Spiritual Winged Aura   Why ? they could use decimal and fractions for it ...   May 14 2005, 09:12 PM
madchenallein   Here's a thought. Bush isn't trying to ta...   May 24 2005, 01:32 AM
XoJennaoX   QUOTE(madchenallein @ May 24 2005, 1:32 AM)-D...   May 24 2005, 10:01 AM
gOODpIRATE   QUOTE(madchenallein @ May 23 2005, 11:32 PM)A...   Jun 11 2005, 04:28 PM
sadolakced acid   the retirement age was older than the average deat...   May 24 2005, 12:24 PM
madchenallein   WELL, the government doesn't need to tell ...   May 24 2005, 06:51 PM
XoJennaoX   QUOTE(madchenallein @ May 24 2005, 6:51 PM)WE...   May 24 2005, 08:06 PM
madchenallein   I agree with you that we don't live in a perfe...   May 26 2005, 02:45 AM
madchenallein   Oh yeah, and one other thing. No one said life wa...   May 26 2005, 02:46 AM
Frankie   i guess it could but i doubt the government would ...   May 29 2005, 06:53 PM
esharp   i think social security will last until somewhere ...   Jun 1 2005, 04:22 PM
mipadi   QUOTE(esharp @ Jun 1 2005, 5:22 PM)i think so...   Jun 9 2005, 11:56 AM
sadolakced acid   QUOTE(mipadi @ Jun 9 2005, 11:56 AM)The probl...   Jun 10 2005, 12:15 AM
Spirited Away   Roth IRA is tax-free and there is no age limit on ...   Jun 10 2005, 12:34 AM
not_your_average   madchenallein: Why are you calling Social Security...   Jun 11 2005, 07:28 PM


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