That is what old people say every day as they laugh on the way to bank with young people’s future wealth:
A 65-year-old female can expect a net gain of more than twice that amount; she can expect $163,000 more in benefits than she will pay in taxes
versus
A 20-year-old female can expect to pay $92,000 more in taxes than she will receive in transfer benefits over her lifetime. The future looks more than three times as bleak for her male cohort, who can expect to pay $312,000 more in taxes than he will ever receive in benefits.
Ah… but will young people bother to earn it? After all, they, at least, have their youth.
My story is a bit different. I get the financial pain of the 20 year old male, but none of the benefits of somebody just 15 years older than me.
August 25th, 2010 at 8:58 pm
No question that the old have lived longer than the deal envisioned. But the young have also been relieved of the financial burden of care for old parents and grandparents and they get to collect a historically large inheritance. And it’s not considered good form for the young to wish the old dead.
August 25th, 2010 at 10:25 pm
I would rather support my parents than pay in to social security and get the money stolen.
August 25th, 2010 at 10:29 pm
Not relieved, 15% of my potential income goes to supporting it.
Inheritances.. many are house based and shrinking.
Who wished them dead? I’m happy to, as a society, help anybody taht is hungry or needs shelter. But sending money to people just because they are old, or more precisely, voted it to themselves 50 years ago seems incorrect and immoral.
December 21st, 2011 at 10:43 am
MASHALLAH beautiful butterfly