Quote:
Originally Posted by buffa98
Thank you for the thoughts.
BUT when it was enacted there were 28(?) people working for every one person drawing. Now the ratio is closer to 4.5 to one. When the Baby boomer star to retire in droves 2011(at age 65) there will an even lower number. The system as designed does not work. My answer is let the people who are young enough let them opt out of the system(myself included) That way we would be responsible for our own retirement.
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I'm no economist, but it seems to me that SS has been clicking along for 70+ years without missing a beat. It needs adjustments to keep itself solvent, but I don't think we should scrap it.
One problem with letting people be responsible for their own retirement is that many people just won't do it. What do we do with them? Let them starve out in the street?