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Registered: January 03, 2005
Posts: 2470
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quote: Originally posted by confettikiss06:
It's silly that so many Americans choose to depend on Social Security - there are much better options to ensure financial security.
The problem is that the American education system does not involve a course on finance/budgeting. I think it's important for young people to learn at an early age about the benefits of investing in stocks, mutual funds, CDs, 401ks, and the dangers of overspending on credit, etc. With a better knowledge of how to handle money, Americans would be able to save more.
I agree that better education w/ economics would help but what about those who dont have access to that type of education? Without incomes, older people have to depend on Social Security.
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: October 26, 2003
Posts: 1977
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It's silly that so many Americans choose to depend on Social Security - there are much better options to ensure financial security.
The problem is that the American education system does not involve a course on finance/budgeting. I think it's important for young people to learn at an early age about the benefits of investing in stocks, mutual funds, CDs, 401ks, and the dangers of overspending on credit, etc. With a better knowledge of how to handle money, Americans would be able to save more.
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Registered: January 03, 2005
Posts: 2470
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Do i think that we will have SS? no way, unless something is figured out and quick. We should all put our quarters in a coffee can. We will need it when we are 65.
"When you pull on that jersey, the name on the front is a hell of alot more important than the one on the back." Herb Brooks
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Registered: March 13, 2002
Posts: 3477
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quote:
Originally posted by geminiangel521:
quote:
Social Security, Will it be there for us?
No.
Ditto. And I'm already out 300 dollars this year alone. Seiously, at todays standards, I'm not going to be collecting untill 2050 at the very least. I'm almost certain the collection age will go up by then. I am not betting anything on Social Security, and people who do are fools.
"Do you realize that fluoridation is the most monstrously conceived and dangerous communist plot we have ever had to face?"
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Registered: August 17, 2001
Posts: 6970
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quote:
Social Security, Will it be there for us?
No.
"We know how cruel the truth often is, and we wonder whether delusion is not more consoling"
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Registered: January 10, 2005
Posts: 4
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We need to be worried. I believe he made a statement in a press conference about his SS plan, and he said something about how he may not be able to recieve Social Security when he retires. He's worried if he'll receive it in the next ten years, what about everyone else?
Conformity is the jailer of freedom and the enemy of growth. - John F. Kennedy
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