Social Security may run out of funds by 2033

[Quote] Just like they have sucked the life out of everything else in this country.

Most generations blame their parents for all of their problems …

… when they’re teenagers. Millennials have made it the only profession they actually work hard at. Being the first of the Peter Pan generations, they still blame their parents for everything — and they’re in their 40s.

Boomers got in on the "ground floor" of most startups, and tech companies, and corporations. They were able to go from entry level to CEOs, build retirements, and get cheap stock options. Then they shut those doors behind them, and stayed in those top jobs UNTIL TODAY. They still haven't left.

Boomers have been President since 1992, with the election of Bill Clinton. And they are STILL holding the Presidency. That's a 30+ year span.

Boomers lived at a time when real estate was still affordable, because the generation before them, kept if affordable. Once they accumulated property at cheap prices, their greed set in, and they started flipping houses, buying up more property at low prices, and selling them at HIGH prices. Now, they are the only ones who can afford to buy real estate, because they are the main ones HOLDING all the real estate. And they have jacked up prices to unaffordable levels, for the generations who came after them.

Boomers are now depleting all of the funds from the Social Security Trust, until it's bled dry. Then there will be nothing left for the younger generations, when they reach retirement age.

So it's true. Boomers are like leeches who have taken, taken and taken, but have never given back.

They have sucked this country dry, and led it down a path of corporate and real estate greed, and technological ruin, which will be the end of us all.

R2 In other words, what you're saying is Boomers worked hard, didn't give up when times were challenging, reached their goals, achieved success and now taking out of SS what they put into it. Good for them - they deserve it all.

Millennials and Zoomers haven't come close. I guess all those 'social influencer' and 'digital creator' professions haven't paid off ?

Oh, just fuck right off with your generation wars. We're all sorry you're a failure at life, you poor, rancid cunt.

Ha, what is the solution?

None of these "fuck Boomers" complaints remotely deals with the solutions. Sure, raise the SS age a couple years... that would help a LITTLE. Put all the Boomers in death camps and kill millions of them... that would help a LOT.

Restoring tax schedules to the Eisenhower era would pretty much save SS and support Medicare for All. But, nah. We are just today on track to cut taxes for billionaires.

Huge national debt is the threat to Millennials and Gen Z, not the demographics of Boomers. Stop shifting resources from the safety net to more corporate and billionaire tax cuts. (Also, look at the bloated funds supporting a military that is designed for the last century. Military is 20% of the budget, SS is 25% of the budget. This current administration wants to cut Medicare and Medicaid, and INCREASE military spending by a lot.

This is the fault of far right austerity, the boomers aren't to blame. Dare to imagine the government funding social security.

[quote] Restoring tax schedules to the Eisenhower era would pretty much save SS and support Medicare for All. But, nah. We are just today on track to cut taxes for billionaires.

The majority of Congress - both the House and the Senate - are Boomers.

THEY are responsible for this.

R7 Incoherent. Your quote is irrelevant to the complaint about the age of congress members.

These young whippersnappers should get off their duffs and actually vote for politicians who will give a shit about them.

But no, they either sit out elections, or vote for Trump and the GOP (Pew Research tells us almost half of Americans who are in their 40s who vote, vote/lean Republican).

I see the generation wars troll is up this morning. Late night?

Fuck off with the boomer hate. Millennials are incapable of consilidatig a budget. How about that? (Just as idiotic. Blanket statements nearly always are )

This could be easily fixed, but GQP only wants to give tax cuts to billionaires.

STFU, OP!

Your relentless Boomer bashing is false and NOT helping anything. Social Security NEVER runs out of funds because it is funded every week by worker's paychecks. Are you claiming retired people (including some Boomers) are destroying SS by having the NERVE to actually retire and collect money from a fund they've paid into for forty years! How dare they!

If young people 18-30 showed up in every election and voted for ANY DEMOCRAT the MAGA/GOP would never be able to fuck around with Social Security (including taxing it, thanks Reagan!), but they just don't, because they are so special, pure and moronic.

The problem is NOT "Our two-party system sucks!", the problem is non-voters! A multi-party system has many of the same built-in issues, which also lead to non-involvement in elections. Progress is slow and many young people are on the Veruca Salt schedule, they "Want it NOW!"

It's also getting harder to build a life or personally plan for retirement, not to mention the AI job destruction. This is a reality that isn't going to turn around anytime soon. NYC might be some kid of proving ground for new social populism, but liberals are going to fight that movement at every turn. I feel like it's irresponsible at this point for someone without much money to not have a backup plan...

I am R5 and I've posted a lot on government safety net, resources, taxes, income equity... the demographic size of Boomers isn't the problem.

The system is "rigged" however against the younger generations. Anyone who cares about the issues should listen to Scott Galloway.

no backup plan. irresponsible? yes? but I have paid into ss since I was 16years old. to tell me fuck you, its all gone is a joke, in bad taste.

[quote]None of these "fuck Boomers" complaints remotely deals with the solutions.

None of these "fuck Boomers" complaints remotely deal with reality. Most of us did not get in on the "ground floor" of a startup, tech company, or corporation. Most of us were not able to go from entry level to CEOs, build retirements, and get cheap stock options. And god knows must of us were in no position to shut those doors behind us, and stay in those top jobs UNTIL TODAY.

Personally, I have worked in a support position in various offices since 1978 and have, at best, managed to save for a modest retirement. My last day of work is tomorrow and I can honestly say I have no idea if I will have enough to last me until death.

I don't expect your pity, but I sure the fuck will not accept your vilification.

Maybe if GenX, Millennials, and GenZ got off their lazy whining asses and actually, you know, VOTED for Democrats, it wouldn't.

Obviously, some of you whippersnappers have no clue that we boomers have been PAYING INTO SS OUR ENTIRE WORK LIVES....what a maroon....

not a boomer and I have paid into ss since i was 16.

R18 Yes, keeping Democrats in total power would solve this, but voters are fickle and want to constantly change who represents them even when one party, Republicans, wreck the economy every single time they get the presidency from Hoover to Trump. Recessions every time.

There are solutions, but we keep voting in the shitty Republicans so yes, enjoy billionaires laughing at us while we slave away and they order more yachts.

When the booming economy of the 1980s is discussed, this is left outta the discussion

Wrong fuckin link

Gen X consistently votes Republican and Trumpian.

Who voted for trickle down economic policies and reagonmics

An inconvenient truth is that most people who are lower or middle income pay much less into Social Security and Medicare than they get back. This was particularly true up for those who received it before Reagan raised the retirement age in 1983.

It’s a great program, even though it doesn’t go nearly far enough and would benefit from a better approach to health care. Social Security keeps 15 million seniors out of poverty. 2033 or whenever will be a challenge if Americans finally learn that you can’t cut taxes and raise spending forever.

My taxes have increased. The tax cuts you are speaking of are allocated to the least deserving

TAX CUTS ARE UNSUSTAINABLE AND ALLOCATED TO WEALTHY TRICKLE DOWN SCAT QUEENS WHO REFUSE TO PAY THEIR FAIR SHARE

Boomers gave us the internet, digital media, smartphones, etc

Millennials gave us NFTs, labubu and death by selfie.

Oh and like all children, they’re resentful that boomers are selfish enough to not step aside and let millennials have everything boomers built.

R27, I’m genuinely curious how your taxes have increased. The last federal tax increase was in 2012, which was only on the top rate (which was reversed by Trump). Americans have not had their federal tax rates increase in many decades.

Again gen x was left out of your comment, the omission is very telling

[quote] Who voted for trickle down economic policies and reagonmics

Boomers, naturally.

GenX, Millennials, and GenZ are all too young to have voted for Ronald Reagan.

Paying taxes is for suckers!

We’ve been hearing this song and dance for the past 50 years.

R30 Trumpy took out a lot of exemptions for the bottom 90%. I went from getting $2,000 back to $27 back on taxes each year. Nothing changed except his disastrous 2017 tax bill. You don’t have to raise rates to raise revenue. Republicans are masters at taxing us more, but doing it in sneaky ways.

Thank you. R35

Right when I'm eligible to retire. Fun!

And then because dataloungers are all trillionaires they're not going to understand what you could possibly do with "only" a 2 thousand dollars tax refund.

"There is like, no, like difference literally between like 27 dollars and like 2k."

R38 A few years of getting that money paid for my dog’s cancer treatments.

It takes about a dozen medications to keep someone alive at age 87.

Fuck you OP. I contributed over 40 years from my salary for the right to get Social Security when I reach retirement age. The ability to make SS solvent for 100 years is easy. Increase the social security cap from the current salary of $175K to $500K or even higher Most other countries don't even have a cap on their pension tax contributions and they are all solvent.

Propaganda, since the Republicans want to privatize SS.

R42 Now that you’ve mentioned that, I’ll point out that a privatized version of SS would almost surely be annuities by definition. There is not a single private company that provides annuities in the US that have guaranteed annual inflation adjustments, because doing so was not sustainably profitable enough for the private companies. How this problem would be handled in a privatization of SS is unknown.