So, just how much money are those lazy seniors getting from their Social Security?

[JDPriestly]

29. Good for you for saving. Most Americans do not earn enough

to cover their families' expenses and save $1000 per month.

You should be OK, although when you retire, unless the interest rates go up considerably, you may not get much income from your savings. That is the problem

Right now the interest rates mean that you have to have saved some incredible amount of money in order to get even a few thousand dollars a year in interest.

If you are young and saving $1000 per month (or more) and are lucky enough not to have any emergencies or lay-offs between now and retirement, you should be among the very fortunate few who are not so dependent on Social Security. But life has its surprises, not all of them good, and that is why we ALL need Social Security.

Lots of people withdrew the money from their retirement funds to pay their mortgages when they were laid off during this recession. Others had to withdraw the money just to live because they lost their jobs. A lot of elderly people who entrusted their accounts to supposedly qualified investment advisers lost much of their savings. Some have earned some of that back, but it's been a very rough time for most.

You seem to have a good job. I hope all goes well for you. And I hope you understand that things are not going well for most people especially those who took out new mortgages on homes they owned for various reasons and then got stuck in the mortgage crisis and lost their homes. I know of a number of cases like that.