Turnover
Well-known member
A relative who dodged Social Security payments told me it was one of the stupidest decisions he ever made. He was part of the Greatest Generation that paid for their parents' Social Security (OASI originally) back then when the system worked, but wasn't totally solvent by todays funding standards. He later did quite well but it was by very hard work, luck in the stock market and the general economic circumstances of the time.
Those general circumstances grew out of the Great Depression and the War which drew our economically divided country together. It changed the former division between the rich and poor to the point where a good education was available and affordable to most and work paid a living wage. Now we are back to the old divisions where the economy sputters and small businesses die out for lack of customers with a little extra cash. I don't see it getting any better soon. Folks don't even have the money to pay taxes to keep the schools and roads up and easily buy the propaganda that nothing works so don't bother ....
I am modestly fortunate. I worked years without raises, but put in a portion of my pay into state retirement although it wasn't matched as promised. We were in deep debt but we used the Dave Ramsey snowball method to liquidate it. Had decent jobs so we were able to recover ourselves. Yes, live beneath your means. Yes, save cash but consider putting it into a least I Bonds so it is inflation protected. Don't buy gold or penny stocks - this worked for my relative, but remember he was a B-24 crew member and LUCK had a very, very tight grip on him. So between, being out of debt, having some modestly growing savings, Social Security, a paid off home, and luck (not dumb luck) you may make it in this world until the economy is realigned so it again works for most of us.
Those general circumstances grew out of the Great Depression and the War which drew our economically divided country together. It changed the former division between the rich and poor to the point where a good education was available and affordable to most and work paid a living wage. Now we are back to the old divisions where the economy sputters and small businesses die out for lack of customers with a little extra cash. I don't see it getting any better soon. Folks don't even have the money to pay taxes to keep the schools and roads up and easily buy the propaganda that nothing works so don't bother ....
I am modestly fortunate. I worked years without raises, but put in a portion of my pay into state retirement although it wasn't matched as promised. We were in deep debt but we used the Dave Ramsey snowball method to liquidate it. Had decent jobs so we were able to recover ourselves. Yes, live beneath your means. Yes, save cash but consider putting it into a least I Bonds so it is inflation protected. Don't buy gold or penny stocks - this worked for my relative, but remember he was a B-24 crew member and LUCK had a very, very tight grip on him. So between, being out of debt, having some modestly growing savings, Social Security, a paid off home, and luck (not dumb luck) you may make it in this world until the economy is realigned so it again works for most of us.