07-18-2011, 02:44 PM
When I joined the workforce in the early 1970's I strongly believed all the money I was paying in to Social Security would not be available for me when I reached retirement age.
I'm still a long way off, however, I'm sorry to say, that I was right.
I've been paying in all these years (overpaying according to the SS administration) and it looks like the US govt is going to renege on their pledge.
According to the Social Security Administration brochure I received in 2000, "Social Security is a contract between the generations" - apparently this contract is coming to a quick end.
BTW - As much as I like being right; I hate being right about this!
I'm still a long way off, however, I'm sorry to say, that I was right.
I've been paying in all these years (overpaying according to the SS administration) and it looks like the US govt is going to renege on their pledge.
According to the Social Security Administration brochure I received in 2000, "Social Security is a contract between the generations" - apparently this contract is coming to a quick end.
BTW - As much as I like being right; I hate being right about this!