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Which makes the data on younger workers even more worrisome, since very few of them will have pensions AND they aren't saving enough money.
Stoutboy, I know you mean well and have good intentions however please realize. Much of the information you share is also used by hate groups trying to place much of the blame for our issues on our high level of diversity and our multi cultural society. They are fond of comparing nations to us and attributing our shortcomings to our makeup in comparison.
SS is composed of two parts, welfare and taxes. There is no legal right to SS benefits though. Now compare that to an annuity. Whether you pay into an annuity for 45 years or one year you will be legally entitled to the benefits laid out in the contract.
Apples aren't oranges. Did you have a point, or just pointing out the obvious? I never said it was an annuity. I said it was a pension. And it's primarily composed of three parts, old-age, survivor, and disability benefits. Those three parts are welfare. The welfare is paid for with taxes.
Apples aren't oranges. Did you have a point, or just pointing out the obvious? I never said it was an annuity. I said it was a pension. And it's primarily composed of three parts, old-age, survivor, and disability benefits. Those three parts are welfare. The welfare is paid for with taxes.
Wow, all that and you're only correct on one point. The [social security] paid for in taxes part.
it is still low but no where near as bad as what the media likes to put out there .
there are stories on those numbers too. many hardly work, many are on disability and will never save , others have pensions ,still others insurance products. all that dilutes the numbers down.
you are wasting your time trying to count what others have.
Wow, all that and you're only correct on one point. The [social security] paid for in taxes part.
So you're really unaware that social security is primarily old-age, survivor, and disability benefits? That's interesting. You're either very ignorant or have very odd opinions that are directly contradictory to our government. Here's a brief pamphlet if your interested in educating yourself as to what "social security" is. It isn't my opinions on either of these things. It's straight from the Social Security Administration. It isn't a matter of my being correct or incorrect. They aren't my opinions. I'm just regurgitating what SSA says. If you find that controversial, that's fine, you're entitled to wear the tinfoil. I wear the tinfoil too on occasion. I don't believe everything the government says.
I know exactly what social security is. It is insurance. What it is not, as your nonsensical argument suggests, is a 'pension', or sillier still, 'welfare'. You most definitely wear the tinfoil.
Quote:
Originally Posted by Malloric
So you're really unaware that social security is primarily old-age, survivor, and disability benefits? That's interesting. You're either very ignorant or have very odd opinions that are directly contradictory to our government. Here's a brief pamphlet if your interested in educating yourself as to what "social security" is. It isn't my opinions on either of these things. It's straight from the Social Security Administration. It isn't a matter of my being correct or incorrect. They aren't my opinions. I'm just regurgitating what SSA says. If you find that controversial, that's fine, you're entitled to wear the tinfoil. I wear the tinfoil too on occasion. I don't believe everything the government says.
ss is a pensionized income stream and thats all that counts. annuities are insurance products too but what they provide is called a pensionized income stream.
Basically, only 1 in 4 workers aged 55+ have saved $250k or more.
I'm not surprised.
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