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Also blame the greed of Wall Street, politicians, big banks, hedge funds, monopolistic corporations and local governments...
Concerned veteran, kind of sad to think that this kids boomer parents probably went deep into debt sending him to college to get this limited education.
Well, if you're making $50,000 a year or more maybe delaying retirement makes sense. However, if you're making $13,000 or less go ahead and retire at 62. You'll probably get more money from your SS than you would from a partial-time, minimum wage job. I know I will. And you could still work one part-time job instea...more
Social Security is funded by payroll deductions and matching funds from employers (a separate tax) and has a surplus, at least that's what the SS Admin. tells us. If there is no surplus where did it go? Did the government use it to cover other bills? I do believe that is illegal according to the rules of SS.