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‘Will I ever retire?’: millennials wonder what’s on the other side of middle age
(www.theguardian.com)
this post was submitted on 18 Jun 2024
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SSI isn’t set to run out. It will have to be reduced if they don’t take the income cap off of it, however.
But all the other things you said will happen.
that's as realistic as single payer healthcare; or universal basic income; or sensible gun control legislation; or abolishing the electoral college, they all have super majority support of everyone in this country but there's too much monied political interest against ever allowing it happen.
Exactly. SS is too popular. There will be some sort of reform/funding, but congress will wait to the least minute to fix a problem. See any sort of continuing resolution government funding bill or the last time SS had problems back in the 80s. The '83 reform only occurred a mere months prior to insolvency. The fact that SS is still years/decades from major problems means it's someone else's problem to our elected representatives.
The one thing you can count on conservatives paying attention to is messing with their money.
What happens might not be pretty, but if they try to day "fuck it, guess we are ending the program" there will be hell to pay.
Nah. They'll be happy that minorities are hurt too.
With enough propaganda anything is possible.
It will probably happen once the cut triggers. You are going to immediately see a lot of angry voters.
Considering how one party is hellbent on getting rid of social security and the other party just shrugs and let's them get what they want; id expect the shrugging party to be left holding to bag and suffer the political consequences once the cut hits with nothing happening
Correct. IIRC there's an auto mechanism that will cut all benefits by 23% or something. So you're mom/dad getting $2,000 a month would now only get about $1,500.