Social Security Interest Rates... an insult to workers and the disabled.

[Uben]

12. How the hell can one plan for retirement.....

...when they keep changing the rules? For most, the vast majority of their retirement income will come from SS benefits. We get a letter from the SS administration telling us how much we can expect to receive when we retire. We use that figure and have to plan on having additional income from savings or retirement benefits to survive. If you receive retirement benefits, you are fortunate, most of us do not. My private health insurance went up 58%, or $400/mo. My savings are drawing near zero interest. I was counting on getting at least a 4% return. I'm 4 years away from drawing full SS benefits and 3 years away from being eligible for medicare. By the time these ass-wipes are through, 90% of us will be screwed and be forced to live in poverty while the bigly rich folks skim more and more from the poor.
So what's the answer? I don't see anything short of a revolution making any difference. Why do the 90% permit the 10% to flourish while the majority suffers? After the Great Depression, income tax rates for the wealthy were near 90%. Nowadays, they pay next to nothing. Why? Probably because our leaders can all be bought. When will we make profiting off of leadership positions treason?