Skip to main content

View Diary: Social Security is doomed, what are you doing to prepare? (57 comments)

Comment Preferences

  •  exactly - get a grip (0+ / 0-)

    less than two years ago that time estimate was 2037. When President Obama took office that estimate was 2042.
    Social Security's funding is based on two things - employment and wages. High unemployment and wage erosion are eating into our buffer, and low interest rates are reducing the Trust Fund.
    You are absolutely right that the answer is simple - higher minimum wages and investment in job creation would be best, but even just eliminating the cap would solve Social Security's potential problem - but that assumes that we force our leaders to address the problem rather than bring it about.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site