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View Diary: Poll: Public rejects Obama budget (237 comments)

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  •  I think you're right. Young people care about (8+ / 0-)

    their parents and grandparents.  But they are busy, as they should be, with establishing themselves financially in this dreadful economy.  However, most people, not just the young, overlook the fact that Social Security is a package of programs that protect almost everybody by partially replacing income lost due to retirement, early death, or disability (there's that insurance concept again).  Only 69.4 percent of all Social Security beneficiaries are retired workers and their dependents (and, as of the end of 2010, over 300,000 of these dependents were children under age 18).  Disabled workers and their spouses and under age 18 children comprise 18.8 percent of people on the benefit rolls.  Surviving spouses and their under age 18 children account for another 11.8 percent.  In 2010, 3.2 million children under age 18 received benefits on their parents' record as dependents or survivors.  In addition, almost one million disabled adult children, i.e., people who were disabled before age 18 who receive benefits on a parent's record, were on the rolls at the end of 2010 (see SSA's website).  And all of these young people would see their benefits cut by the chained CPI.

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