this post was submitted on 07 Mar 2025
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I don't know of a single milennial who is planning on having social security at this point. Everyone I know has written it off as something they know politicians will get rid of. It's too good of a program, of course they're going to remove it.
Of course every boomer I know thoroughly depends on it, and they're also the only group I hear for it getting cut. So... Idk I guess fun for them?
X-er here. The hints in the wind have been that Social Security will be drastically scaled back or gone altogether by the time we hit retirement. I've always made my retirement savings assuming Social Security won't be there just to be safe. I didn't actually expect to be right about that though. It felt like a pretty crackpot idea way in my youth.
I'm almost certain it will be gone completely within 5 years at this rate. If we're lucky we might get a one time "I'll give you n thousand dollars to fuck off" payment from the government. If we're lucky.
I've been telling other Xers and Millennials this for the last several years. It's still surprising to me how many of them still assume Social Security will be there to some significant degree when they retire. This is more of an Xers assumption, but also some Millennials still think this.
So glad I’ve been paying into it all these years. Ugh. I’m just not gonna do that math. Too depressing.