Social Security provides benefits to almost 64 million Americans today, with nearly 90% of those aged 65 and over receiving monthly payments as of June 2024. However, the program is facing significant financial challenges.
In the coming years, Social Security is expected to pay out more in benefits than it collects in revenue, as a wave of retirements reduces the payroll taxes that serve as its primary funding source.
Exacerbating the problem are concerns over the program’s financial management. A former Social Security employee recently slammed the agency in an article in the U.S. Sun, raising issues that align with actual data. Through his observations, the agency may be losing money it should be working harder to hang onto.
An issue that’s gotten worse
Attorney Avram Sacks, a former employee of the Social Security Administration (SSA), has firsthand experience with the agency’s tendency to issue overpayments. Often, it boils down to simple errors. However, in some cases, overpayments may be a result of fraud.
[ + ] MaryXmas
[ - ] MaryXmas 2 points 6 monthsOct 13, 2024 13:54:33 ago (+2/-0)
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz [op] 3 points 6 monthsOct 13, 2024 14:06:51 ago (+4/-1)*
dont think so. food is expensive, insurance, taxes, clothing, mortgages(rents even) electricity, internet they have to pay premiums for medicare too.
i dont think that a senior can live with just 1 grand or 2 a month alone. my dad which is in the early 70's is retired but he has to do menial work still do make ends meet.
thus, i respectfully disagree with ya but yeah i also agree that giving money to foreigners like candy is just bad policy
[ + ] jfroybees
[ - ] jfroybees 4 points 6 monthsOct 13, 2024 15:05:26 ago (+4/-0)
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz [op] 2 points 6 monthsOct 13, 2024 15:20:20 ago (+2/-0)
[ + ] HomerSampson
[ - ] HomerSampson 1 point 6 monthsOct 13, 2024 15:40:17 ago (+1/-0)
[ + ] jfroybees
[ - ] jfroybees 1 point 6 monthsOct 13, 2024 17:28:02 ago (+1/-0)
[ + ] MaryXmas
[ - ] MaryXmas -1 points 6 monthsOct 13, 2024 21:41:32 ago (+0/-1)
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz [op] 1 point 6 monthsOct 13, 2024 22:29:03 ago (+1/-0)
how many lost their 401k during the last economic crisis. are you going to blame those people for wall street's theft?
empathy is something that humans share.lack of empathy is pure sociopathy and psychopathy. we are talking about elders here the best that you can do is to make their lives less stressful before they kick the bucket
remember you will be an elder too someday (that's if you make it that is, nobody knows their day and hour)
[ + ] MaryXmas
[ - ] MaryXmas 0 points 6 monthsOct 13, 2024 23:36:37 ago (+0/-0)
Why? Because I couldn't afford to buy food and wouldn't steal it.
And you, size 38 husky get to lecture me about my responsibilities, you haven't been hungry a day in your life. Absolutely disgusting.
[ + ] NeverHappened
[ - ] NeverHappened 0 points 6 monthsOct 14, 2024 10:48:59 ago (+0/-0)
[ + ] Leveraction
[ - ] Leveraction 7 points 6 monthsOct 13, 2024 14:05:30 ago (+7/-0)
FUCK ALL DEMOCRAPS! THIS IS ON YOU!!
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz [op] 2 points 6 monthsOct 13, 2024 14:10:47 ago (+3/-1)
think it about what this country could do with 95 billion on americans pockets.
i think that some gulf states (arab) pays a profit share to each citizen of about 10,000 bucks and these arent socialists
[ + ] jfroybees
[ - ] jfroybees 3 points 6 monthsOct 13, 2024 14:59:16 ago (+3/-0)
[ + ] PotatoWhisperer2
[ - ] PotatoWhisperer2 2 points 6 monthsOct 13, 2024 15:58:12 ago (+2/-0)
White men then.
We would be insanely rich as a nation without the jews, the niggers, and the various other shitskin parasites. Each man would have an extra $1mil to $5mil in wealth. I'm talking about land, home, homestead, clean neighborhoods, keeping your earned work, and so on, not necessarily raw cash.
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 1 point 6 monthsOct 13, 2024 19:08:11 ago (+1/-0)
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz [op] 1 point 6 monthsOct 13, 2024 20:12:22 ago (+2/-1)
a big mac shouldnt cost 12 bucks neither a whopper (regardless of what you think about junk food)
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 0 points 6 monthsOct 13, 2024 20:29:29 ago (+0/-0)
Big Macs should not be a scale of measure for the ability to exist in retirement.
A proper scale of measure would be one’s ability to exist by his or her own means.
In other words, not relying on or expecting anything from the government, whether one paid into it or not.
Remember, anything they can give you, they can take away.
While I have paid into SS for almost 40 years now, the mere pitance I’d receive isn’t worth worrying about.
What, I’m gonna get 1200-1400-2400 a month? 2400 might be useful, but I’m setting myself up to not need it.
Don’t want it.
That’s the goal. That’s one way a person can “beat the system”, is by not needing the system.
I hope it works out for me and I hope it works out for everyone else who thinks and works like I do.
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz [op] 2 points 6 monthsOct 13, 2024 20:33:21 ago (+2/-0)
I hope it works out for me and I hope it works out for everyone else who thinks and works like I do.
unfortunately, not everyone shares your values or your fate. circumstances happens and no this is not an excuse. there are people really hurting out there for many reasons.
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 0 points 6 monthsOct 13, 2024 20:42:17 ago (+1/-1)
While I accept, as I have seen, many a people deal with insurmountable circumstances such as death, injury, what have you, I will always go back to ‘choices’.
We all make choices. Some of us make good choices, some of us make poor choices. Some don’t think about anything at all, they just go through life thinking that life is a thing that ‘happens’ to them.
I have made some really poor choices in my past. These choices put me on the streets in the drug and loser scene back in the 1990s.
I, and I alone, made different choice and chose to stop sucking at life and to do better.
That’s where I come from.
[ + ] inaminit
[ - ] inaminit 1 point 6 monthsOct 13, 2024 23:28:30 ago (+1/-0)
[ + ] MaryXmas
[ - ] MaryXmas 0 points 6 monthsOct 13, 2024 23:41:38 ago (+0/-0)
[ + ] Puller_of_Noses
[ - ] Puller_of_Noses 4 points 6 monthsOct 13, 2024 14:16:00 ago (+4/-0)
40 million of them...
Social Security benefits, there would be enough to provide for the old people who paid into it their entire fucking lives.
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 1 point 6 monthsOct 13, 2024 19:10:52 ago (+1/-0)
They can keep it. I’ll do plenty fine on my own.
I don’t want their medical shit either, whatever it’s called.
I’ve got my own, it’s called, cash.
[ + ] NoRefunds
[ - ] NoRefunds 1 point 6 monthsOct 13, 2024 15:39:43 ago (+1/-0)
[ + ] FreeinTX
[ - ] FreeinTX 1 point 6 monthsOct 13, 2024 15:46:29 ago (+1/-0)
$200 Billion for just Ukraine.
[ + ] PostWallHelena
[ - ] PostWallHelena 0 points 6 monthsOct 13, 2024 16:18:26 ago (+0/-0)
We cannot afford to pay people $2000 a month plus free healthcare for 25 years of their life. Families need to support their own elderly. SS is one of the most harmful tools destroying our families and our economy. Its not earned.
[ + ] hylo
[ - ] hylo 0 points 6 monthsOct 13, 2024 22:43:59 ago (+0/-0)
[ + ] PostWallHelena
[ - ] PostWallHelena 0 points 6 monthsOct 13, 2024 22:57:31 ago (+0/-0)
[ + ] Indoctrinated_USA
[ - ] Indoctrinated_USA 1 point 6 monthsOct 13, 2024 17:44:50 ago (+1/-0)
The reasons are irrelevant.
The boomer contributed roughly 53% of the benefit they draw.
That makes it a social entitlement.
We're bankrupt and welfare is the luxury of a rich nation.
This is the world the boomer wanted, so let them have it.
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 0 points 6 monthsOct 13, 2024 19:04:58 ago (+1/-1)
While I don’t wish for anyone who is old and unable, to go without, I do wish that these old cocksuckers had made better decisions in their life so no one has to be responsible for their old stanky asses.
Seriously.
Fuck.
[ + ] UncleDoug
[ - ] UncleDoug 3 points 6 monthsOct 13, 2024 19:23:58 ago (+3/-0)
[ + ] hylo
[ - ] hylo 0 points 6 monthsOct 13, 2024 21:42:28 ago (+0/-0)
[ + ] dosvydanya_freedomz
[ - ] dosvydanya_freedomz [op] 0 points 6 monthsOct 13, 2024 22:24:06 ago (+1/-1)
personally, a society that doesnt treat their elders, childs and handicapped well is a type of society that sooner or later will crumble. believe it or not morality matters and it affects everything but that's another topic for another thread and day
personally, our elders should be thanked for making the next generation possible. but that's just me
[ + ] hylo
[ - ] hylo 0 points 6 monthsOct 13, 2024 22:43:06 ago (+0/-0)
[ + ] boekanier
[ - ] boekanier 1 point 6 monthsOct 14, 2024 03:52:14 ago (+1/-0)