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Monday, July 28, 2025

A recent AARP survey shows that more retirees are leaning more on their monthly Social Security payments as compared to 20 years ago.

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Social Security recipients are set to face an $18,000 benefit cut in just seven years.

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-- Axios (@axios.com) Jul 24, 2025 at 1:54 PM

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More from the article ...

... Confidence in the agency is also declining, with 36% of Americans saying they believe it will continue to pay out reliably and at the same level, compared to 43% in 2020.

"Social Security has helped generations of Americans live with dignity in retirement," AARP CEO Myechia Minter-Jordan said in a statement. "Older Americans routinely say the future of Social Security is one of the issues they care about most, and we will continue to work as hard and long as we need to ensure that Social Security remains the bedrock of retirement for generations to come."

The surge in dependency comes as the agency faces challenges like staffing cuts and a financial crisis that could cause payments to be slashed starting in 2034 if Congress does not act. ...


#1 | Posted by LampLighter at 2025-07-28 12:28 AM | Reply

Maybe, that is why MAGA wants to give tax benefits to the uber-wealthy, so that Social Security benefits earned, and paid for up front, by workers can be curtailed.

#2 | Posted by LampLighter at 2025-07-28 01:29 AM | Reply

How Should Social Security Be Reformed? Seniors Consider 7 Options
www.newsweek.com

... Among 1,920 respondents over the age of 62, 50 percent support eliminating the cap on earnings subject to payroll taxes, making it the most popular reform option by a wide margin. ...

#3 | Posted by LampLighter at 2025-07-28 02:45 AM | Reply | Newsworthy 1

No ----.

Corporate america decided it was better use of money to concentrate all the profits into the hands of a handful of c-suite executives instead of rewarding the employees that actually do the work with a secure retirement.

Meanwhile the erosion of salaries through inflation and shifting costs of health insurance from the employer to the employee has left employees with nothing saved for retirement.

It's only going to get worse.

Can't wait until the GOP finally gets social security killed once and for all.

Just one more tax cut for billionaires will fix the system.

#4 | Posted by Nixon at 2025-07-28 07:51 AM | Reply

-Among 1,920 respondents over the age of 62, 50 percent support eliminating the cap on earnings subject to payroll taxes, making it the most popular reform option by a wide margin. ...

You can ask any age group this question and get the same results. It's not about age....it's about how much people make. How many people make more than $176K a year?

You mean people support taxing someone other than themself more? Color me shocked....

#5 | Posted by eberly at 2025-07-28 09:50 AM | Reply

You mean people support taxing the rich?
And I am going to knee-jerk attack that idea?
Color me shocked....
#5 | Posted by eberly

#6 | Posted by snoofy at 2025-07-28 11:28 AM | Reply

"How many people make more than $176K a year?"

About ten or fifteen percent.
The upper limit for the bottom 80% income in 2022 was $155k. Meaning 20% of households are over $155K.
data.census.gov

How many people who make more than $176K a year can't afford to see the SSI cap go up, or go bye-bye?
About zero percent.

#7 | Posted by snoofy at 2025-07-28 11:52 AM | Reply | Newsworthy 2

20 years ago companies still had pensions.

#8 | Posted by LegallyYourDead at 2025-07-28 03:25 PM | Reply

20 years ago sounds like about the time the last private pensions got raided and died off or were subsumed by PBGC. They started going away in the 80s and 90s, replaced with the mighty 401(K). Which the fat cats are now actively planning to loot just like the pensions they replaced.

I've only ever worked two jobs with a pension plan. The military and the grocery store. I didn't last long enough in either to vest, which is probably for the better. Those were great experiences, but they weren't great jobs.

#9 | Posted by snoofy at 2025-07-28 03:53 PM | Reply

.. Among 1,920 respondents over the age of 62, 50 percent support eliminating the cap on earnings subject to payroll taxes, making it the most popular reform option by a wide margin. ...

#3 | POSTED BY LAMPLIGHTER AT 2025-07-28 02:45 AM | REPLY | NEWSWORTHY 1
Would be a good start, but would not bring in enough to make a difference without other major changes.

#10 | Posted by MSgt at 2025-07-29 12:07 AM | Reply | Funny: 1

Younger people need to work harder and pay more so my SS doesn't get cut.

#11 | Posted by visitor_ at 2025-07-29 02:06 AM | Reply

Younger people need to work harder and pay more so my SS doesn't get cut.

#11 | Posted by visitor_ at 2025-07-29 02:06 AM | Reply | Flag:PPPFFFTTTT

'scuse me. Baby-boomers have a lot of well-fed grandchildren... with closets full of stretch-fabric fast fashion...
too fat to perform a proper ------- in the backseat of a Hummer... they answer nature's call by rubbing themselves to the activities of professional skinny people doing actual sex on their phone.
Then they use that same phone and turn themselves into the stars of their very own show... as influencers... legends in their own minds...
Medicated into self-esteem... bandying psychobabble about as if it were an actual language... extolling the virtues of affirmation... for this that and the other... or else... something awful...

Meh... jk

As much as people hate to admit it... Past 60... you're just kicking the can down the road...

Remember to clean your plate. There used to be starving children in China.

#12 | Posted by RightisTrite at 2025-07-29 06:26 AM | Reply

20 years ago companies still had pensions.

Not many did, but there were still plenty of retirees back then living off their pensions.

We are seeing the wave of retirees that have never had a pension at work and it is showing. This is the reckoning of replacing pensions with 401k plans and CEO's taking all of the profits from the worker productivity and passing along annual raises less than the rate of inflation.

#13 | Posted by Nixon at 2025-07-29 07:26 AM | Reply

commons.wikimedia.org

Fun chat and shows the decoupling of productivity from wages roughly 35 years ago. So the retirees who are struggling now had a few years of work before the decoupling. What do you think the future holds when people who never worked before the decoupling need to retire?

Taxing payroll is never going to be able to keep up if payroll doesn't keep up.

The can has been kicked almost, but not completely, as far as possible.

#14 | Posted by TaoWarrior at 2025-07-29 10:11 AM | Reply

If it meant helping the baby boomers over this temporary shortfall, I believe that Gen Z and Millennials would be willing to pay an extra couple of percent and work a few more years until retirement.

#15 | Posted by visitor_ at 2025-07-29 11:36 AM | Reply

Welcome to Trumplandia.

Retirees are nothing but weak worthless and surplus wasters of out precious resources.

If they want food then they can still work at least part time in the mines.

The big beautiful coal mines. Are there no gulags? No asylums or prisons?

If they are no longer useful to the oligarchs then they can be made into compost for America. For the People.

For Democracy!

#16 | Posted by donnerboy at 2025-07-29 12:26 PM | Reply

AARP is a cancer that must be cut out. I signed up for a year and go so much crap in the mail and spam that I cursed the day that I thought...hey this might work out. Nope. It's for the gullible old farts who have too much play money. Took about a year until they quit.

#17 | Posted by shoeless at 2025-07-29 08:37 PM | Reply

Retirement is only a discussion in wealthy nations... it was designed to force people out of the workplace... to make room for younger, more productive people to join the workforce.

Most places in the world... life is drudgery from the time you start walking until the day you can't take another step.

AARP is just another advertisement hub. I'm not paying them to feed me commercials I don't want to watch... trying to sell me crap I don't need... and push big pharma...

Has anyone noticed that businesses are doing their best to remove human labor from the equation anyway...

#18 | Posted by RightisTrite at 2025-07-30 03:55 AM | Reply

First, what are liberals going to do about it? This is a problem that was created by the rich, both Dems and Reps alike, over many years. If it's so bad, what's your plan?

Second, Dems already showed their plan, or lack thereof, back in W's term. I hope your party has more to offer. When W tried to privatize it so I can invest my money WAAAAAAAAY better than the government and get more back when I retire, Dems whined and cried like babies because personal responsibility goes against their party's ideology. I'm not bashing that, it's just opinion...Dems feel they need their entire lives controlled by the government and Reps don't. No reason to hate anyone. But, since all we have on here are DR lib kids who were not alive or just born when W was in office, let me tell you what happened. When W proposed it, he did it under the measure that SS was going to be insolvent by a certain year...I think it was 2035 or something like that. Now, one would think Dems would come back with an actual intelligent response and alternate plan. One would think they would accept the problem and try to find ways to fix it. But, alas, they didn't. What was their response? Their response consisted solely of one statement, "Nuh uh, it won't go insolvent until 2040"...again, I don't remember the actual years used but that is almost verbatim what a prominent Dem said.

If you can't connect the dots since liberals using logic doesn't ever happen, when Dems were informed of the research that said SS would be insolvent by 2035, their response wasn't to fix it but to just say that number is wrong...essentially agreeing that it will be insolvent but not the exact year the research said. They did not offer an alternate fix. They did not accept it as a problem that will plague Americans in the future. Their entire rebuttal consisted of just saying nuh uh.

It was a very sad day to watch in politics. But we do need change. We need drastic change in SS. If liberals can come up with a way to fix it without just ignoring it and kicking the can down the road like they did in early 2000s, I'm all ears.

Until then, their response back then is still one of the biggest stains on the Dem party to this day.

#19 | Posted by humtake at 2025-07-30 11:50 AM | Reply

Dems feel they need their entire lives controlled by the government and Reps don't.

#19 | Posted by humtake

Dems feel like the government should protect innocent people from sociopaths. Republicans dont, because republicans ARE the sociopaths.

#20 | Posted by SpeakSoftly at 2025-07-30 12:55 PM | Reply | Newsworthy 1

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