If social security is halved what then? (retirees, years, taxes)

[luvmyhoss]

Can you live on half or no social security?
For us maybe
We'd have to move, cut out most recreation.

I suppose the worse scenario is Medicare gone.

[FiveLoaves]

OK -- step away from the keyboard.

Do you really believe that SS is going to be cut in half ??

[luvmyhoss]

You never know do You?
At least reduced.

[ansible90]

We already have a thread going on this topic:

Trump's win and your social security

[GeoffD]

Social Security in the long term is only 70% funded. It would never be cut to 50%. Retirees would guiotinne all of Congress if that got voted in. The rich don't want to pay the employer side of a payroll tax hike and they don't want the $118,500 earned income cap lifted or taxes on unearned income like was done for Medicare. That will delay enacting the recommendations of the bipartisan commission for a number of years. Right now, this is all political posturing. Medicare is the program more likely to see big reforms.

[Escort Rider]

OP, better to spend your energy worrying about something that has a likelihood of happening. We could all posit some catastrophic "what if" scenario.

[jrkliny]

Any substantial cuts in SS are likely to be the last time those politicians are elected to office.

[luvmyhoss]

Originally Posted by jrkliny

Any substantial cuts in SS are likely to be the last time those politicians are elected to office.

You are right, but a number of politicians want to cut Ss

[engineman]

Originally Posted by luvmyhoss

Can you live on half or no social security?
For us maybe
We'd have to move, cut out most recreation.

I suppose the worse scenario is Medicare gone.

Buy your Alpo in smaller cans.

[GeoffD]

Originally Posted by luvmyhoss

You are right, but a number of politicians want to cut Ss

Name one.

Some Republicans want to privatize Social Security but that wouldn't apply to anyone close to collecting. I doubt anyone over the age of 45 would be impacted.