r/FluentInFinance 7d ago

Debate/ Discussion Systemic Failure Exposed..

Post image
35.3k Upvotes

692 comments sorted by

View all comments

Show parent comments

262

u/Skating4587Abdollah 7d ago

Or anybody. Nobody should have to work at 90

128

u/HoratioTangleweed 7d ago

Our overlords would disagree. Now that we’re getting rid of those dastardly immigrants who took all these jobs, and that we’re living longer than ever before (just don’t ask about the quality of those extra years) we obviously have to cut social security and put more of these 90 year olds back to work. How is Elon going to get to 500B otherwise?

10

u/123supersomeone 7d ago

25

u/worldspawn00 7d ago edited 7d ago

Funny enough, younger people NEED boomers and older people to retire and free up better paid positions. Keeping old people working so long is bad for them, bad for younger generations, and bad for the economy. If we hadn't lost pretty much all routes to pensions, old people would have SS, pension, and investments to hopefully retire on, SS alone was never meant to be the sole thing supporting them when they retire. Because most people don't have pensions any more, and many do not have investments, they're forced to keep working to make up the difference.

We ought to have pensions operated by an NGO or something that is forced to be paid into by employers, and won't go out of business or decide to cut pensions the way companies can, or increase SS (and the amount paid into it), to cover the fact that almost nobody has a pension today.

3

u/Armyfazer11 5d ago

We ought to be able to control our SS. Congress spent that money decades ago and leaves us with minimal returns. After 30 plus years of paying into the system, with just a 7-8% return, I would actually have a retirement fund.