Less poverty among seniors

Discussion in 'Politics' started by LilOlLady, Sep 14, 2011.

  1. LilOlLady
    Offline

    LilOlLady Gold Member

    Joined:
    Apr 20, 2009
    Messages:
    7,841
    Thanks Received:
    660
    Trophy Points:
    140
    Location:
    Reno, NV
    Ratings:
    +761
    LESS POVERTY AMONG SENIORS
    And it is because of Social Security, Medicare, low income senior housing, food stamps and the Medicare prescription drug program. Not to mention energy assistance, rent rebate, sewer rebate. And they manage to save a little each month and help their adult children who are hurting because of the economy.

    Paying into Social Security is taking personal responsibility and to take this away and put it in the hands of corrupt private organizations is abuse and fraud. I trust government to be there for my children before I trust any private organization who is in business for profit.

    Don’t privatize my children’s Social Security and Medicare and destroy it. When people pay into social security they are taking “personal responsibility.”

    Social Security and Elderly Poverty
    Elderly poverty in the U.S. decreased dramatically during the twentieth century. Between 1960 and 1995, the official poverty rate of those aged 65 and above fell from 35 percent to 10 percent, and research has documented similarly steep declines dating back to at least 1939. While poverty was once far more prevalent among the elderly than among other age groups, today's elderly have a poverty rate similar to that of working-age adults and much lower than that of children.

    Social Security is often mentioned as a likely contributor to the decline in elderly poverty. Enacted in 1935, the Social Security system experienced rapid benefit growth in the post-WWII era. In fact, there is a striking association between the rise in Social Security expenditures per capita and the decline in elderly poverty, as Figure 1 illustrates (with both series scaled to fit on the same figure).


    Social Security and Elderly Poverty
     
    • Thank You! Thank You! x 1
  2. 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
    Or maybe it's because, as a demographic group, seniors have earned, invested and saved more.

    Sheesh...Is there no end to the post-hoc-ergo-propter-hoc fluffery of Big Daddy Big Gubmint?
     
  3. Sallow
    Offline

    Sallow The Big Bad Wolf. Supporting Member

    Joined:
    Oct 4, 2010
    Messages:
    56,535
    Thanks Received:
    6,132
    Trophy Points:
    1,840
    Location:
    New York City
    Ratings:
    +7,394
    :clap:

    SSI. Helping people live longer, happier and more fulfilled lives.
     
  4. LilOlLady
    Offline

    LilOlLady Gold Member

    Joined:
    Apr 20, 2009
    Messages:
    7,841
    Thanks Received:
    660
    Trophy Points:
    140
    Location:
    Reno, NV
    Ratings:
    +761
     
    Last edited: Sep 14, 2011
  5. FA_Q2
    Offline

    FA_Q2 Gold Member

    Joined:
    Dec 12, 2009
    Messages:
    14,251
    Thanks Received:
    2,082
    Trophy Points:
    255
    Location:
    Washington State
    Ratings:
    +4,289
    Your point? The problem is that social security is going to implode, period. There is not enough cash coming in anymore. If you want SS to continue then it needs to be fixed.

    Further, the government that you trust so implicitly, is the only reason that SS is in trouble today. The cash that was forcibly taken was spent and no longer exists. No one wants SS to disappear. Calling for its privatization is not putting it into the hands of greedy businesses. It is putting it in your own hands and would prevent what congress has don't to destroy SS in the first place. It would give you the power and create GENERATIONAL wealth that would help the poor rather than what you are putting up as the grate success - keeping the elderly a hairs breath above the poverty line. It is idiocy to not want to take this good idea and make it better...
     

Share This Page