2006-09-04 20:23:12 · 14 answers · asked by Anonymous in Society & Culture ➔ Cultures & Groups ➔ Other - Cultures & Groups
If you have a normal job and are not in the rich category where you have private pensions and a nice nest egg it is for employers or government to provide you with enough income for your retirement.The smaller your contributions the longer you have to work.
2006-09-04 20:31:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
With the start of social security most people would have enough to live on with their pensions for the rest of their short lives maybe 10 more years or less.
With the government using the interest from social security as a slush fund for pork belly projects the funds are running out quickly and we will have to go back to working until we drop dead on the job.
There should have been enough money with the interest to keep it solvent . write your Representatives.
2006-09-05 03:34:10 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are referring to the age until social security benefits, it is going up for all those born after 1945.
If you were born around 1980, you will have to work until age 70 to receive full benefits.
2006-09-05 03:31:28 · answer #3 · answered by mslider2 6 · 0⤊ 0⤋
you do not have to work. who told you this lie? there is a tradition of retiring in later life for those who work and it has devolved into the set age of 65 for social security purposes, but it is not mandatory. there have been changes allowing you to retire on SS at age 62 also.
you can sit on your butt and rot if you want. you only work to 65 to get SS benefits but you are not required to do it. it is OK to starve too. its a free country. do what you want. but be prepared to get the consequences
2006-09-05 03:28:22 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Because by then, you'd be a wretched grumpy old office dog with no teeth and all bark.
2006-09-05 03:25:23 · answer #5 · answered by KH 3 · 0⤊ 0⤋
The same reason why SBS, MRT or your firendly neighbourhood char kauy teow man raise their prices ...... $$ not enough.
2006-09-05 03:30:11 · answer #6 · answered by George C 1 · 0⤊ 0⤋
It's better for your health. besides you need to survive. everyone has his/her own dignity and it's a lot better then asking someone else to help you out or begging.
2006-09-05 03:28:36 · answer #7 · answered by Prince 2 · 0⤊ 0⤋
you wont need to if you are cleaver and save well when you are young. set yourself a goal and retire early
2006-09-05 03:51:27 · answer #8 · answered by Anonymous · 0⤊ 0⤋
So the government can suck every last piece of tax from you
2006-09-05 03:28:36 · answer #9 · answered by Anonymous · 0⤊ 1⤋
You don't...I didn't..but I saved hard so I could retire early.
2006-09-05 03:55:42 · answer #10 · answered by Anonymous · 0⤊ 0⤋