Tuesday, November 30, 2010
The Future of Social Security in One Graph
Ezra Klein wrote The future of Social Security in one graph "This comes from the Strengthen Social Security Campaign, and it lists the impact of all of the various deficit-reduction plans on a medium-income Social Security beneficiary (click for a larger version):"
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Us 40 somethings are the ones who should be pissed, but I think we never expected Social Security to be around when we retired anyway. I will attempt to leave it out of my calculations.
I am more concerned about the poor who do not have the ability to save for retirement and really depend on these benefits. So much of the deficit reduction discussion, and SS is part of it, seems to be so regressive against low wage earners.
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