Quote:
Originally posted by Peaches
If she's 85 she has LONG since gotten back what she and/or her husband paid into the SSI system which is WHY there are cut backs.
That doesn't solve her problem (better planning would have though - none of my grandparents or parents were/are dependent on SSI and I don't plan to be either) but it's the fact. People are spending SSI they never earned and it's sucking the system dry,
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Unless you live in Canada where the government "borrows" from the plan and then proceeds to say that when my generation gets up there and it's time to collect there will be nothing left (well not in those exact words, but we can read between the lines). I am certainly not relying on anything from the government when it's that time, but it would be nice to know that there's something there if need be. I have been paying into it for at least 17years now and I am no where near retiring age!