New actuarial figures show Social Security going insolvent in 2041, a year earlier than previously planned. Strangely, this makes me feel better. Between that and the increased retirement age going into effect, the system is now insolvent 3 years before I can retire. Used to be that with the retirement age at 65 and the insolvency date at 2042, I would be paying into the system right up until I am eligble to retire, then whoops! There goes the fund.
And they wonder why people my age don't care about the Social Security debate. True, a lot of people in their 20's are still busy getting wasted every chance they get and don't have time to worry about their retirement. Those of us who are planning for the future aren't counting on seeing any of the money that gets shunted out of our paychecks every week and are planning accordingly, so whatever anyone wants to do with the program is your business.
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