Republicans are not doing themselves a favor when they ignore the facts. And asshats that claim people didn't plan good are also full of crap. My parents worked their whole lives and they lived pretty frugally. Dad got cancer that was attributed to working on a nuclear plant. He knew mom would only get half of the SS when he passed so he had another house built for her and they sold the big house they had built for retiring in. Mom worked all her life too but she worked on the houses during the day they rebuilt and built and after work he helped work on them at night. Over the years they did over 60 homes and several larger land investment developments which of course they paid taxes on the profits when they sold them. Mom would not be able to afford to pay the taxes on her current home with the SS check and she has to pay for her medicare supplement too. She dips into the cash savings they have earned over the years to pay for things she needs and pay for bills the SS check doesn't cover. That wouldn't be an issue if she got as return on that money from the interest but most of you should know damn well that Congress elected to bail out the investment bankers who f'd up instead of charging the crooked SOB's with all of the fraud committed instead; so the only way to get back on track is have lower interest rate. If you all end up with a bunch of Bolshevist and ultimately end up with Communist running the country, well I suppose justice does have a way of working itself out.
What percent of retirees live on Social Security alone?
With a monthly benefit averaging just $1,369 (as of June 2017), the idea to retire on Social Security alone may sound next to impossible. Still, 23 percent of married retirees and 43 percent of single retirees count on their Social Security benefit for 90 percent or more of their monthly income.
