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<blockquote data-quote="boondocks" data-source="post: 1457036" data-attributes="member: 20599"><p>Anybody saying that Social Security has caused recessions needs to bone up on their US history...</p><p>Yeah there was a generation ("Greatest Generation", Depression generation) that got out way more than they put in (by and large). Much of that was due to huge advances in longevity: many simply lived far longer than the generation just one or two before them. Still, most of them worked their a__ses off and fought one or two world wars. So, I don't really begrudge them.</p><p>And in terms of making 13mil in the stock market: assumes max returns, no risk, not having to retire into a recession, etc etc. Are we really ready to go back to a system where we have old folks starving in the streets? I realize tweaks needs to be made (probably further (gradually) pushing back the date you can get full benefits; maybe even means-testing for the super-wealthy) but most Americans don't want SS scrapped, and don't want it privatized.</p><p>Now, can we talk about whether a $2400 401k limit is a good idea?</p></blockquote><p></p>
[QUOTE="boondocks, post: 1457036, member: 20599"] Anybody saying that Social Security has caused recessions needs to bone up on their US history... Yeah there was a generation ("Greatest Generation", Depression generation) that got out way more than they put in (by and large). Much of that was due to huge advances in longevity: many simply lived far longer than the generation just one or two before them. Still, most of them worked their a__ses off and fought one or two world wars. So, I don't really begrudge them. And in terms of making 13mil in the stock market: assumes max returns, no risk, not having to retire into a recession, etc etc. Are we really ready to go back to a system where we have old folks starving in the streets? I realize tweaks needs to be made (probably further (gradually) pushing back the date you can get full benefits; maybe even means-testing for the super-wealthy) but most Americans don't want SS scrapped, and don't want it privatized. Now, can we talk about whether a $2400 401k limit is a good idea? [/QUOTE]
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