It's only going to get worse.  Unemployment, lower median wages, lower job force participation, higher disability.  Glad I'm not planning on getting much, if any, SS.  Screwed again by Uncle Sam, what's new?   Remember, we did not build that.  Jackwagons!

Well, 401k is definitely not a pension.

Yes, the burden of government debt, participation in the work force, and the lack of decent median wages will continue to lower our standard of living as we know it.   I wonder how many folks under 40 have a savings?   I'm also quite certain the CBO did not figure in all the negative facts upon us.

Retire when you can.   Having a payroll check is not a good as it used to be.

With state, federal, use, SS, and Medicare taxes only going up in the future, retire when you can.  It's only going to get harder to take home more pay and the value of the $. Hopefully, you can retire early and not take SS for many years to get the higher payout.

Just my luck, 2033 is my full retirement date.  I hope the board of trustees figured in the huge amount of disability payments, lower median wages, and lowest labor force participation rates in 38 years?  Also, are all the illegal immigrants/anchor payments figured in once the amnesty begins?  Oh well, never really pla...more

Yet, many in their golden years, have SS as their ONLY income.

$1,000 a month for my family.  Good job government.  Business now love you for giving them a reason to stop funding their past portion of health care.

Very good article.   The problem is simple.  Very few even have money for basic needs.  Yesterday morning, very early, I stopped at a local grocery store to pick up a few dozen donuts for my fellow workers.   I was the ONLY one that actually paid for my goods.  Everyone else had WIC or EBT.