Actually, no. None of the money that is taken from our pay checks now will be used for our future retirement payments. You will never see that money again. The only way your (and my) Social Security retirement will be funded will be from the paychecks of future workers, if there are enough of them.
The money that is deducted now is used to pay SS, SSI, and SSDI payments now. Nothing is saved for your future retirement.
yes, that is correct Reba...
I see my pay sub. They deduct medicare, retirement pension and TSP out from my paycheck. Plus Federal and State taxes, those money go to welfare and social security, etc...
They collect SSDI or SSI, they don't have any retirement saving as pension. The children reach 18 years old or college 22 years old. The parents will get more less amount of the SSDI when the children reach 18 years old.
That is why, it piss me off because the parents do not spend anything on their children (their social security checks) buy clothes, camp program or events like sports. The parents spend the money on car loan, cruise and travel expense on IBO business.
Children are more propriety than parents !
I watched the Freedom Deaf Cruise, I do know 8 people on the VLOG. I said, whoa wait a minute, those people are in good health and time on Deaf Cruise, they collect SSDI. Should I be happy for them go away on cruise using our Taxes deduct out of our paychecks? Oh they have other medical issues. Oh yeah, they can't hear due to Deaf. Oh I am so sorry, they can't find the jobs. They went to Deaf Cruise for 7 days using Government money.
We all of us are suffered to work very hard to pay those good healthy Deaf people going away on vacation. Should I happy for them?