2007-02-07 01:58:22 · 8 answers · asked by Dan M 2 in Politics & Government ➔ Government
No. People have been saying that since the 70's, it will be there. I still think you should have a back up plan. People can't live on ss alone.
2007-02-07 03:08:15 · answer #1 · answered by rachel_ksr 3 · 0⤊ 0⤋
The way the world is going i don't think there will be a 2044. If so, there will probably be something that will substitute social security, perhaps everything(all a persons info) will be placed in a barcoded chip that will be placed somewhere on your body. That will happen sooner than we think.
2007-02-07 02:08:07 · answer #2 · answered by unknown 4 · 0⤊ 0⤋
I think it will be gone before that.
I am not planning on getting any money from social security when I retire. . . I am putting money into IRA's so I have money when I do retire. My husband and I have also started our daughter a tax-free college fund (if she uses the money for school and school expenses, it will not be taxed by the government when it is taken out. . .), and she is 18 months old. This way, we will be able to use what we can for our support, and our daughter will be able to pay for her college education (or most of it) when the time comes.
2007-02-07 02:55:58 · answer #3 · answered by volleyballchick (cowards block) 7 · 0⤊ 0⤋
Bankrupt is the proper term. And yes. I do think my generation will get screwed by the current ruling generation. Not only will we pay off the deficit, but we will be the ones cut off from social security.
2007-02-07 03:17:49 · answer #4 · answered by Gary W 4 · 0⤊ 0⤋
In our society, with a president that could be similiar to Bush, anything is possible.
2007-02-07 02:06:11 · answer #5 · answered by zebbie g 2 · 0⤊ 0⤋
I think those funds will have long been spent by then, especially if we don't get our troops HOME post haste!
2007-02-07 02:03:12 · answer #6 · answered by Kbear 4 · 0⤊ 0⤋
No. it won't be obsolete.It will be an unbearable burden on American workers long before then.
2007-02-07 02:01:52 · answer #7 · answered by Dr. NG 7 · 1⤊ 0⤋
if you want social security in your golden years i have two words for you PRIVATE ACCOUNTS
2007-02-07 02:07:41 · answer #8 · answered by Anonymous · 1⤊ 0⤋