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Amishman

(5,933 posts)

19. This, but this will be a significant hit to the long term solvency of the program

Reply to Kaleva (Reply #4)

Thu Apr 9, 2020, 01:38 PM

Apr 2020

Pensions are going to be crushed by this.

Very little contributions going in from those working
Losses on fund investments in stocks
Still full payments going out
Most funds assume a high rate of return on investments and the likely imminent recession will hurt that too.

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Social Security question in the time of Covid... [View all] mitch96 Apr 2020 OP

i think that is the plan rampartc Apr 2020 #1

I don't think they would ever cut it on people that doc03 Apr 2020 #2

He knows exactly what it is for, because someone told him moonscape Apr 2020 #9

I think they would cut it on people already receiving it ooky Apr 2020 #12

If the economy falters long and bad enough, everything might take a hit. Hoyt Apr 2020 #3

They will take out of the Trust Fund to make the payments. Kaleva Apr 2020 #4

This, but this will be a significant hit to the long term solvency of the program Amishman Apr 2020 #19

This message was self-deleted by its author elocs Apr 2020 #5

Social Security is based on amount of earnings, so having lower wages could lower one's eventual SS wishstar Apr 2020 #6

36 most recent years when I got it last summer Captain Zero Apr 2020 #10

Dems want to increase the monthly SS benefit by $200 a month until stopbush Apr 2020 #7

No. former9thward Apr 2020 #8

Problem is that Republicans see our acceptance of it THEN and use it to justify Captain Zero Apr 2020 #11

" cutting it in other crises. Until after a thousand cuts. .." mitch96 Apr 2020 #14

Minimum retirement age will be set at 85. nt Lucid Dreamer Apr 2020 #13

And you know this how? or just a shot in the dark.. nt mitch96 Apr 2020 #15

Sorry Mitch. Lucid Dreamer Apr 2020 #16

I'm real simple... a smily or emoji would help.... ;) Welcome to the funny farm... nt mitch96 Apr 2020 #17

Gotcha. B-) ... nt Lucid Dreamer Apr 2020 #18