Social Security Really Secure?

United States
March 11, 2007 3:36pm CST
Do you trust Social Security? Did you know that many experts see Social Security going bankrupt? It is a fact. Social Security was never meant to be a sole income source, but many people really on it like the air we breath. The problem with Social Security is that the elderly receive it from working individuals. In just a few years all the BABY BOOMERS will retire and their will not be enough working individuals to pay for those on Social Security. What are you prepared to do when Social Security goes bankrupt in a couple of years?
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1 response
emeraldisle
@emeraldisle (13139)
• United States
11 Mar 07
Actually Social Security was designed originally to be the sole income for the elderly. It was designed to get them out of the work force to allow room for the younger generation coming up to have a place to work. The problem now is that they are not leaving the work force even though they get social security. They are able to earn quite a bit while still receiving it. So they continue to work and do not open up room for the younger generation to get hired. That means the younger generation isn't paying in as much as they should or could. If the Baby Boomers actually retire and not stay in the work force once they get it then I think the younger generation would be able to sustain it since then they would be able to get the jobs.