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cm0002@suppo.fi
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to United States | News & Politics@midwest.social · 23 hours ago

‘No vote, no warning, just plain math’: Social Security is six years from an automatic 22% cut—and most Americans have no idea

fortune.com

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‘No vote, no warning, just plain math’: Social Security is six years from an automatic 22% cut—and most Americans have no idea

fortune.com

cm0002@suppo.fi
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to United States | News & Politics@midwest.social · 23 hours ago
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  • cross-posted to:
  • [email protected]
‘No vote, no warning, just plain math’: Social Security is six years from an automatic 22% cut—and most Americans have no idea | Fortune
fortune.com
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The retirement trust fund runs dry in late 2032, triggering an automatic cut for current and future retirees. Every year Congress waits makes the fix bigger.
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  • maxthemummer@lemmus.org
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    5 hours ago

    How does it work that the country with the most billionaires and the first trillionaire (at least he was for a while), can’t afford to take care of it’s senior citizens?

  • gravitas_deficiency@sh.itjust.works
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    21 hours ago

    I can’t wait until this hits. I’ve fully accepted that I ain’t getting shit out of Social Security, but there are a shitload of boomers and other retirement aged people who are not going to understand this (or will refuse to understand it) until it punches them right in the taint (and the wallet)

    • Randelung@lemmy.world
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      4 hours ago

      And guess who’s president then! Just in time for the cliff!

    • AdolfSchmitler@lemmy.world
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      4 hours ago

      “Its all [insert rival political party here]'s fault!!”

      America has lost the plot entirely as a county. A third of them believe a government taking care of its citizens is bad.

    • Malica@lemmy.zip
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      17 hours ago

      The whole thing goes away as soon as you have rich people pay their share. It’s not a complicated issue at all.

      • gravitas_deficiency@sh.itjust.works
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        15 hours ago

        It’s not.

        And yet look at CA prop 40. That was the most “you have to be genuinely incompetent, or a billionaire, to vote no on that”. And it failed. Because humans are fucking stupid and emotional and impulsive and easily manipulated and susceptible to propaganda.

        I wish people would think more.

    • Alexstarfire@lemmy.world
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      13 hours ago

      I only expect SS to supplement my retirement funds. I ain’t counting on it at all.

      • piccolo@sh.itjust.works
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        4 hours ago

        Look at the guy over here expecting to retire.

    • DarkFuture@lemmy.world
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      20 hours ago

      Don’t accept it. Burn the country to the fucking ground if it ends up happening. I’ll help.

  • Wren@piefed.social
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    22 hours ago

    Who knew that you couldn’t keep stealing from Americans without them ever finding out.

  • faythofdragons@piefed.social
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    22 hours ago

    Who is still thinking they’re going to be able to retire?

    • TachyonTele_Esq@piefed.social
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      19 hours ago

      I retired at 42. Fuck it.

      Lol people hate that for some reason.

      • fyzzlefry@retrolemmy.com
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        11 hours ago

        I think people would love to retire at 42. You might just be a prick though.

        • Seralth@piefed.seralth.com
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          9 hours ago

          I’ve found most people who retire young tend to be for some weird reason. Instead of just being chill and relaxed like you would be expecting from someone with no need to stress at a shit job.

          Could just be a case of any time you meet someone who is retired young. You wouldn’t know it unless they told you. And only the assholes are the ones who tell you.

          • TachyonTele_Esq@piefed.social
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            8 hours ago

            You don’t know me if you think I’m not chill and relaxed lol.

            You’re thinking of vegans and linux users.

            • Seralth@piefed.seralth.com
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              7 hours ago

              Mate your on the frediverse. Your one of us.

              Lol

    • Branch_Ranch@lemmy.world
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      21 hours ago

      Gen X here, my retirement will be ok barring a catastrophe. Retirement is still possible, but I’m nervous for my kids.

    • we is doomed!@lemmy.world
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      21 hours ago

      i retired age 40, now 61.

      lot of people retiring early

      https://www.youtube.com/channel/UCYSWlJRVq3GoIH9oZxctwQw

      https://www.youtube.com/channel/UCuNKV0CMgcVUiJNdA-JNlJA

      • boonhet@lemmy.zip
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        10 hours ago

        So you’re the problem.

      • Montagge@lemmy.zip
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        20 hours ago

        Step 1: Be born into wealth

        • jumping redditor [they/them]@sh.itjust.works
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          5 hours ago

          that helps with everything, or at least not being born into poverty.

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