General Discussion
In reply to the discussion: Boomers Dine Out While Millennials Cut Back [View all]magical thyme
(14,881 posts)Ahem, those of us approaching and at "retirement age" have paid into the social security and medicare system for decades, and for Boomers, when it appeared there wouldn't be enough in the social security fund, we paid *extra* into the fund as well as having our benefits cut with full retirement age pushed back significantly.
We took care of our parents and our grandparents, while raising the next generation. It is our turn to be taken care of.
Social Security and Medicare are not "mooching." Paying into an insurance program with the full understanding and expectation of payback down the road is a contractual agreement, not mooching.
As for why the millennials need us, the elders of society used to be turned to for their wisdom and experience, not disposed of like used up tissue. Not to mention potential free babysitting and a place to go home to if you lose your job and home.
You want to get rid of Social Security? Then give back every penny we paid in, adjusted for inflation and with a good interest rate.