Social Security

Alright what we have here is an economy that is doing pretty bad put is getting a little better. But still with that said with people still out of jobs and work hard to find will social security be around when we get of age? We all get so much money taken out of our pay checks to pay into it and we don’t even know if it will be around. I know we are helping people that need it and deserve it. Another thing that is happening with SS right now is that it will not raise the cost of living between 2010 and 2011 that is something that has happened since 1975 do to the rising cost of living. So what about the people that have worked their butts off in the past and may not have enough money to pay for things they need. With 80 million baby boomers getting ready to retire this can become a big issue. Some ideas that have been thrown out there to reduce the lack of money is to raise the age to 67 instead of 65. Now, this may sound like a good idea but is it really fair? I guess life is not fair but we just have to fight though it and see what happens. One last thing that I found is that by the year 2037 if nothing is done to change this there will be no more money left. This is actually 4 years earlier then they thought it to be due to our poor economy. So, let’s hope that something good happens and continue to work as hard as we can to have a happy living for when we retire.

http://caffertyfile.blogs.cnn.com/2009/05/13/confident-social-security-will-be-around-when-you-retire/