Skip Nav
Women
43 Bangin' (and Beautiful) Tattoos
Valentine's Day
30 Valentine's Day Cards That Put the Funny in Sexy
Relationships
Are You and Your Boyfriend Best Friends? Here's How You Really Know

Students for Saving Social Security

Caring About Social Security, Not Wasted on the Young

Think you don't have to worry about Social Security until you have one of those license plate thingies that says, "My Other Car Is a Golf Cart?" Not so according to Students For Saving Social Security. They're on a mission to make young people care about retirement, or at least their paychecks. Although nonpartisan, the grassroots group of college students, advocates a typically conservative solution — private ownership of Social Security accounts.

The "S4" website explains: "our very first paychecks will be taxed from a system that cannot fulfill its promises to us." These students believe it is unacceptable that politicians ignore the opinions and welfare of young Americans when discussing Social Security reform. To see what the recommend,

.

The students want the government to give young people ownership of their money, by allowing Americans to decide for themselves how to invest their Social Security funds. But, what if they invest poorly? Will they be out of luck with no retirement funds? Perhaps the next generation of Americans will be out of luck anyways, as the system is headed for bankruptcy.

Today, the government's yearly assessment of Social Security determined that resources will be depleted by 2041 and that the Medicare trust fund, which pays for hospital benefits, will be empty by 2019. Do you have any expectation of receiving Social Security income when you retire?

Source

Around The Web

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

Join The Conversation
LadyAngel89 LadyAngel89 7 years
I see it like this... we're paying out so those that paid out before us can have thier current benefits. But who's going to pay out for us? Evidentally no one, it's a broken system, and I personally don't believe it's going to recover.
hausfrau hausfrau 7 years
Pop - I was thinking about that too... I don't know what would be a solution. I don't think its up to the wealthy to fund a broken system they themselves won't benefit from though.Maybe it could be like a nonprofit and there could be a box to check to donate to it... who knows.
hausfrau hausfrau 7 years
Pop - I was thinking about that too... I don't know what would be a solution. I don't think its up to the wealthy to fund a broken system they themselves won't benefit from though. Maybe it could be like a nonprofit and there could be a box to check to donate to it... who knows.
hausfrau hausfrau 7 years
Pop - I was thinking about that too... I don't know what would be a solution. I don't think its up to the wealthy to fund a broken system they themselves won't benefit from though. Maybe it could be like a nonprofit and there could be a box to check to donate to it... who knows.
hypnoticmix hypnoticmix 7 years
This touches on my point in the other topic. Investments doesn't have to this elitist secret that a lot of people make it out to be? Everyone should know the comprehensive basics of investment. However, you can't just swipe a system out from everyone's feet in this case social security that's all they've ever known and say now go this. I know you don't know much about it but good luck to you.
CaterpillarGirl CaterpillarGirl 7 years
I have never looked towards the future and said "ah that fat SS check is gonna be sweeeet!" i get my projected earnings statement thingee in the mail, and it makes me laugh cause i know i will never ever see it, my selfish grandparents generation and some of the boomers have sucked it dry. Its why I have a savings account, a deferred compensation account, and a big old jar of pennies!
CaterpillarGirl CaterpillarGirl 7 years
I have never looked towards the future and said "ah that fat SS check is gonna be sweeeet!" i get my projected earnings statement thingee in the mail, and it makes me laugh cause i know i will never ever see it, my selfish grandparents generation and some of the boomers have sucked it dry. Its why I have a savings account, a deferred compensation account, and a big old jar of pennies!
popgoestheworld popgoestheworld 7 years
The people who are going to opt out are the people who will have no problem supporting themselves in their retirement. However, those are also the people who are currently funding SS. I personally fund it by TWICE what normal people do because I work for myself and have to pay the employer's portion of the SS tax as well. Trust me that it doesn't make me happy to have thousands of my dollars just disappear to a program I will not benefit from. But I also don't see how it can continue functioning if it becomes elective. (Not that it's functioning well now, but that's a different story I guess.)
popgoestheworld popgoestheworld 7 years
The people who are going to opt out are the people who will have no problem supporting themselves in their retirement. However, those are also the people who are currently funding SS. I personally fund it by TWICE what normal people do because I work for myself and have to pay the employer's portion of the SS tax as well. Trust me that it doesn't make me happy to have thousands of my dollars just disappear to a program I will not benefit from. But I also don't see how it can continue functioning if it becomes elective. (Not that it's functioning well now, but that's a different story I guess.)
hausfrau hausfrau 7 years
Pop - Thats why if you make it optional you should make it be a ton of paperwork to file and an all day class to go to so you understand the ramifications of your actions.That will weed out the people you mention because most of them are probably too lazy to do all that.If there's one thing this country is great at, its making more paperwork!
hausfrau hausfrau 7 years
Pop - Thats why if you make it optional you should make it be a ton of paperwork to file and an all day class to go to so you understand the ramifications of your actions. That will weed out the people you mention because most of them are probably too lazy to do all that. If there's one thing this country is great at, its making more paperwork!
mymellowman mymellowman 7 years
Why privatize SS when we are pushing to have them handle healthcare?I thought the government knows how to handle things better than us?
mymellowman mymellowman 7 years
Why privatize SS when we are pushing to have them handle healthcare? I thought the government knows how to handle things better than us?
popgoestheworld popgoestheworld 7 years
The problem with giving people a choice is basically that the people least equipped to make smart decisions about money are the ones that need SS the most later in life.I am not planning on having SS when I'm old. I look at it as a type of welfare money I'm paying out, not as a contribution to a program that will help me in the future. Sad, but true. I think it's pretty clear it needs help.
popgoestheworld popgoestheworld 7 years
The problem with giving people a choice is basically that the people least equipped to make smart decisions about money are the ones that need SS the most later in life. I am not planning on having SS when I'm old. I look at it as a type of welfare money I'm paying out, not as a contribution to a program that will help me in the future. Sad, but true. I think it's pretty clear it needs help.
Taadie Taadie 7 years
Its kind of ridiculous when you think abut how much you are contributing that you will never see. When most young people have no savings, it would be so much better if it was in a system where we could could actually save it for ourselves, which is why its there in the first place. this has to get figured out.
LaLa0428 LaLa0428 7 years
LMAOOOOO, raciccarone!!!! But, I think we can pretty much see there will be no social security for our generation.
hausfrau hausfrau 7 years
Gosh I'm such a uniter!Do they have a pat yourself on the back emoticon?I guess not... I'll just do this one.:medal:
hausfrau hausfrau 7 years
Gosh I'm such a uniter! Do they have a pat yourself on the back emoticon? I guess not... I'll just do this one. :medal:
cine_lover cine_lover 7 years
Cabaker, I could go for optional Social Security.
raciccarone raciccarone 7 years
That's why we need to send the elderly to Iraq and thin out their numbers!
hausfrau hausfrau 7 years
I've always been a big supporter of privatizing SS. I wish Bush would have done more than he did about it... but alas. I can see both sides of the issue, maybe the best compromise would be to be able to opt out of contributing to SS, but then of course you never collect anything from it either. That way people who think they can do better get the chance and those who would rather it be up to the gov't can still have that and aren't left out in the cold.
hausfrau hausfrau 7 years
I've always been a big supporter of privatizing SS. I wish Bush would have done more than he did about it... but alas. I can see both sides of the issue, maybe the best compromise would be to be able to opt out of contributing to SS, but then of course you never collect anything from it either. That way people who think they can do better get the chance and those who would rather it be up to the gov't can still have that and aren't left out in the cold.
cine_lover cine_lover 7 years
I am completely against Social Security. We should be able to do with our money for retirement as we please. If you invest poorly, then it is called taking responsibility for ones actions.
imLissy imLissy 7 years
"Do you have any expectation of receiving Social Security income when you retire?" I never did. I'll be happy if I still have money in my 401k when I retire. Though I did the math and that won't be nearly enough to live on. I never expected I would be able to retire before 80 anyway.
Latest Love
X