If You Are A Baby Boomer - the real reason YOU SHOULD BE FURIOUS over CPI cuts:

[Babel_17]

155. I agree with some of what you are saying

There was indeed a boom/bubble of the ratio of workers to retirees that won't be happening again, barring any highly unlikely scenario. I agree there are implications to that which should be dealt with in a timely and mature fashion.

But I think perspective is valuable in these discussions. And imo there is validity to the viewpoint that we can, after relatively easy tweaks to the systems, provide most future retirees with checks that will help them to afford the necessities of life which a modern and wealthy society is capable of producing in abundance. Sure, more than just a SS check is going to be needed by many. Other sources of income have always been part of it.

A modest apartment, inexpensive food, and electronic gadgets, provided to a senior citizen doesn't have to have a negative impact on the net wealth of the younger generations; not if our economy is put in better order.

There is no real limiting factor to that kind of sharing in the economic prosperity of our nation.

This is not to say the younger generation is there to provide for, and wait on, the retired one. No, future retired generations need to have realistic ambitions.

I guess I've basically set out my opinion. I suppose we'll "see" each other in other threads. Thanks for the thoughtful reply!