atlantabiolab
New member
CheeseDick said:I highly doubt 1950's Americans were saving 25% of their income. I'd love to see those numbers.
You are correct, max savings in the US topped at 26% in 1944, and decreased in the latter 40's and 50's. During various times in the 70's and 80's, personal savings went above 10%, while we currently save less than 5%.
The point is that people have and can personally care for their well-being.
Thankfully the majority of America supports social security or some form of it.
The majority of people in the South supported slavery. Were they right because the majority believed it was right? Simply because people support something does not provide reason for it.
In all reality Social Security is nothing more than Insurance trust funds set up to supplement people when they are no longer able to work. Plain and simple. The majority of people who receive it have paid into it.
Fantasyland. Social Security is the national treasury. Money does not go into some special vault or bank, it simply dumps into the treasury where all other monies go. The money that the elderly put into this system went to support their parents, just as mine is currently going to provide for those currently on SS.
You don't seem to have a problem paying your insurance premiums even though some of that money goes to people who haven't paid a dime to your insurance company.
Can you tell me that the money you pay in car insurance every month is wasted if you never get into an accident?
Do you really not understand the difference between private insurance and a social program?? Did you graduate from a public school?