My personal opinion is there is in fact a crisis.  Social Security is eventually going to be bankrupt if it isn't already.  The baby boom era has so many people retiring, and unemployment is still relatively high.  The tax payers just are not there anymore.

What does this mean?  I believe retirement is at age 65.  I'm 18 years old now.  In 47 years, the SS system will have a few amount of dollars considering.  Not all people will receive these benefits.

So us workers who are giving money towards social security will not get much of that back.  We obviously are not going to get ALL of it back, but considering, we will not get much back.

It is a very interesting topic.  Discuss.  I'm not perfect so if I misunderstood something about this crisis, inform me please.

FP

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I think we are in rats' alley
Where the dead men lost their bones.

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 My personal opinion is there is in fact a crisis.  Social Security is eventually going to be bankrupt if it isn't already.  

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social security takes in MASSIVELY more money than it spends.

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so where do you draw the line and tell yourself no more,
is it when your back's against the wall or you're crawlin on the floor?

we all know the government does "other" stuff with our money

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what about national debts?

we all know the government does "other" stuff with our money

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although the retirement of the baby boomers may push it in to the red, SS taxes are currently $150 billion a year higher than SS payouts.

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so where do you draw the line and tell yourself no more,
is it when your back's against the wall or you're crawlin on the floor?