Quote:
Originally posted by Bad_Rich_Chic
spoken like a true 25 year old, because most 25 year olds I know (most 30-somethings, too, myself included), don't think there will be any meaningful SS benefit for them at all when they retire,
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When they say this, what exactly do they mean? I think SS will be around in a form similar to what it is now, albeit different benefit structures (more keyed to the bottom end).
But that's not so important. For anyone on this board, unless there's a really devoted public interest lawyer, SS is irrelevant because the benefit levels are way low. Even if you pay in the max amount each year, the current benefit is about $24k/year. Not a pittance, but hardly enough to keep anyone living in the manner to which they've become accustomed. I've been saving because I don't want to live on only that. And I'd save regardless of SS.
