Collecting Social Security

Discussion in 'Politics' started by alan1, Jul 27, 2009.

  1. alan1
    Offline

    alan1 USMB Mod Staff Member Supporting Member

    Joined:
    Dec 13, 2008
    Messages:
    18,845
    Thanks Received:
    3,577
    Trophy Points:
    245
    Location:
    Shoveling the ashes
    Ratings:
    +3,769
    In this thread, http://www.usmessageboard.com/healt...3109-the-case-for-universal-healthcare-6.html AVG-Joe has brought up Social Security a few times (as a model for government involved health care). Now, my point here isn't to call him out on that, but rather to point out something about SS benefits.

    Take a look at this chart, Life Expectancy at Birth by Race and Sex, 1930–2005 — Infoplease.com
    Now, Social Security starts paying out when one reaches the age of 62 (at the earliest, or you can defer to later in life if you want to).
    Notice that the black male born prior to 1975 has a life expectancy of less than 62 years. In other words, most black men born before that will not collect SS.
    Essentially, there is a fairly large portion of society that will pay into SS for approximately 40 years and never collect one single dime that they pay in. That doesn't even count all the people (both races and both sexes) that will only collect for a few years what they spent 40+ years contributing to.
    It's just something I find interesting.
     
  2. KittenKoder
    Offline

    KittenKoder Senior Member

    Joined:
    Sep 21, 2008
    Messages:
    23,281
    Thanks Received:
    1,711
    Trophy Points:
    48
    Location:
    Nowhere
    Ratings:
    +1,714
    Here's the thing though, Social Security isn't the failed system, aside from government raiding it for pet projects instead of using it for what it's intended. The problem is Medicare ... it's a serious mess and has been for a long time. Medicare is government run insurance ... and it sucks, seriously.
     
  3. submarinepainter
    Offline

    submarinepainter BANNED

    Joined:
    Nov 29, 2008
    Messages:
    213
    Thanks Received:
    32
    Trophy Points:
    0
    Location:
    Maine
    Ratings:
    +32
    So what is the solution, I for one would have opted out 4 or five years ago but now in my 50's I feel I have invested a lot into to it, although I have saved and planned it will be hard to retire without something from SS and Medicare .
     
  4. alan1
    Offline

    alan1 USMB Mod Staff Member Supporting Member

    Joined:
    Dec 13, 2008
    Messages:
    18,845
    Thanks Received:
    3,577
    Trophy Points:
    245
    Location:
    Shoveling the ashes
    Ratings:
    +3,769
    While I agree that medicare is screwed up, my real point of this thread was to point out how unfair SS is to a large segment of our population.
     
  5. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,409
    Hate to say it, but....












    [​IMG]

    Ya fucked up.....Ya trusted us.
     
  6. alan1
    Offline

    alan1 USMB Mod Staff Member Supporting Member

    Joined:
    Dec 13, 2008
    Messages:
    18,845
    Thanks Received:
    3,577
    Trophy Points:
    245
    Location:
    Shoveling the ashes
    Ratings:
    +3,769
    I don't know, but if I was a black male born prior to about 1994, I'd sure as hell want to opt out.
     
  7. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,315
    Much of one's life expectancy depends on one's habits. Maintain a healthy lifestyle, and live as long as your genetics allow. Live like a fool, and when I am in my ninties, I will be spending your Social Security.
     
  8. alan1
    Offline

    alan1 USMB Mod Staff Member Supporting Member

    Joined:
    Dec 13, 2008
    Messages:
    18,845
    Thanks Received:
    3,577
    Trophy Points:
    245
    Location:
    Shoveling the ashes
    Ratings:
    +3,769
    More of it depends upon having ancestors that lived long lives.
    Just ask any gerontologist.
     
  9. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,315
    OK. That sounds like "Choose your Grandparents carefully!". Fortunately, I am well off in that department. Late eighties to early one hundreds for the last three generations. However, no matter how well ones genetics set you up, a foolish life will be a short one.
     
  10. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Social Security's greatest benefit comes to those workers who get sick before retirement, I think.
     

Share This Page