How would Social Security insolvency affect your life?

LTC Zachary Hubbard — Wed, 01 Sep 2021 20:26:53 -0400

Multiple media outlets have reported this week that Social Security will become insolvent in 2033.

Response by SSG Edward Tilton made Sep 1 at 2021 8:41 PM

SSG Edward Tilton — Wed, 01 Sep 2021 20:41:13 -0400

It would hurt but not cripple. Good question though. That would have to mean Medicare would go under, and with it the Health Care Industry

Response by SPC Robert Hendrickson made Sep 1 at 2021 9:29 PM

SPC Robert Hendrickson — Wed, 01 Sep 2021 21:29:05 -0400

that would not be good .. that would hurt my feelings, my $finances$ account, and would set my P.T.S.D. to no end in sight as such, but I would settle down after a while .. though I am thankful for that, and my V.A. disability, I would find a way to make ends meet to a certain point .. I am almost 64 now.

Response by SGT Robert Wager made Sep 1 at 2021 10:20 PM

SGT Robert Wager — Wed, 01 Sep 2021 22:20:26 -0400

It’s never gonna happen.

Response by CSM Chuck Stafford made Sep 2 at 2021 7:35 AM

CSM Chuck Stafford — Thu, 02 Sep 2021 07:35:19 -0400

The oinch on the budget would be felt, but that's why we played the long run and planned for several streams of income...

Response by SFC Casey O'Mally made Sep 2 at 2021 12:23 PM

SFC Casey O'Mally — Thu, 02 Sep 2021 12:23:02 -0400

Aside from my ire at government incompetence rising a hair, not much. I am young enough to not yet be on Social Security, and wise enough to have planned for life without it.

Response by SGT Daniel Petitt made Sep 3 at 2021 5:14 PM

SGT Daniel Petitt — Fri, 03 Sep 2021 17:14:37 -0400

Not if they’d take the $120,000 cap off it,so the wealthy are paying the same 7% on there annual income as the welder.