# Demise of Social Security **URL:** \ **Category:** Uncategorized\ **Created:** [March 28, 2025, 6:13pm UTC](https://community.clark.com/t/demise-of-social-security/7358 "2025-03-28T18:13:46Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![LMC](https://avatars.discourse-cdn.com/v4/letter/l/e274bd/32.png) [@LMC](https://community.clark.com/u/LMC)\ **Post date:** [March 28, 2025, 6:13pm UTC](https://community.clark.com/t/demise-of-social-security/7358/1 "2025-03-28T18:13:46Z")
What in the world is going to happen to those 40% that live entirely on Social Security after retirement, for many different reasons, if it is done away with? There is going to be a lot of homeless senior citizens. ---
**Author:** ![butler](https://avatars.discourse-cdn.com/v4/letter/b/ac91a4/32.png) [@butler](https://community.clark.com/u/butler)\ **Post date:** [March 28, 2025, 6:20pm UTC](https://community.clark.com/t/demise-of-social-security/7358/2 "2025-03-28T18:20:21Z")
Let us know when SS is done away with… Even though its a crappy Ponzi scheme, its not going anywhere because no party actually wants to solve the problem. ---
**Author:** ![ole1845](https://avatars.discourse-cdn.com/v4/letter/o/e495f1/32.png) [@ole1845](https://community.clark.com/u/ole1845)\ **Post date:** [March 29, 2025, 2:19pm UTC](https://community.clark.com/t/demise-of-social-security/7358/3 "2025-03-29T14:19:12Z")
You are worrying about something that isn’t going to happen. ---
**Author:** ![PropofolMask](https://avatars.discourse-cdn.com/v4/letter/p/6f9a4e/32.png) [@PropofolMask](https://community.clark.com/u/PropofolMask)\ **Post date:** [March 29, 2025, 3:37pm UTC](https://community.clark.com/t/demise-of-social-security/7358/4 "2025-03-29T15:37:38Z")
Check out what Clark Howard has to say about Social Security in this video: [![](https://us1.discourse-cdn.com/flex016/uploads/clark/original/2X/c/c8cda717189005ff4228a9003cc8147db402745c.jpeg "Full Show: Will Social Security Go Away? and The Power of Living Below Your Means") ](https://www.youtube.com/watch?v=4eauYFf_kzE&t=64) ---
**Author:** ![Henrius](https://avatars.discourse-cdn.com/v4/letter/h/87869e/32.png) [@Henrius](https://community.clark.com/u/Henrius)\ **Post date:** [March 29, 2025, 3:47pm UTC](https://community.clark.com/t/demise-of-social-security/7358/5 "2025-03-29T15:47:40Z")
> [@LMC](#): > > What in the world is going to happen to those 40% that live entirely on Social Security after retirement, for many different reasons, if it is done away with? There is going to be a lot of homeless senior citizens. Who is doing away with social insecurity? Anyone who never put anyway anything for their old age was irresponsible. I guess their extended family will have to support them, as it sure ain’t the responsibility of the taxpayers. ---
**Author:** ![LMC](https://avatars.discourse-cdn.com/v4/letter/l/e274bd/32.png) [@LMC](https://community.clark.com/u/LMC)\ **Post date:** [March 29, 2025, 6:57pm UTC](https://community.clark.com/t/demise-of-social-security/7358/6 "2025-03-29T18:57:04Z")
\*You are using judgement. You have no clue what a person’s circumstances have been. There are many reasons one doesn’t have money put back for retirement, including medical bills or drugs not covered by medicare, just as one example. ---
**Author:** ![Henrius](https://avatars.discourse-cdn.com/v4/letter/h/87869e/32.png) [@Henrius](https://community.clark.com/u/Henrius)\ **Post date:** [March 30, 2025, 1:31am UTC](https://community.clark.com/t/demise-of-social-security/7358/7 "2025-03-30T01:31:44Z")
One has but to work with the chronically poor in the USA for a short time to understand the roots of their predicament. Of all the flaws evident, chief amongst them is the lack of self discipline and industry. ---
**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\ **Post date:** [March 30, 2025, 3:24pm UTC](https://community.clark.com/t/demise-of-social-security/7358/8 "2025-03-30T15:24:16Z")
I don’t think Social Security is headed for demise at all, but… If they raise the Full Retirement Age (FRA) to 70, then anyone who claims it earlier will get dinged. If you plan to take it at 70, you’re not affected at all. Closure of offices and telephone lines will mean that customers who are not computer literate, or who have a disability that prevents then from making effective use of technology, and they have no way to get to a SSA office (which could be a long way off from where they live, if they are rural dwellers) are not going to be able to get account and payment issues fixed. I’m pretty stressed out about the plans to take tens of millions of lines of COBOL code and refactor it into modern code in months, not years. I’m waiting for things to break for my spouse, who is receiving retirement benefits. If she misses payments… how does this get fixed? How quickly? I’m not claiming until late 2030, the new code (if they do the refactoring) should be stable in five years. If the funding isn’t fixed, then by the mid-2030s everyone gets about a 25% haricut across the board. The people in charge aren’t inspiring confidence in me, so my retirement budget assumes a 25% haircut in Social Security. The next Social Security Trustees report comes out in May. So, not a demise, but I would say the [“en\*\*\*\*ification”](https://en.wikipedia.org/wiki/Enshittification) of Social Security. A decay. ---
**Author:** ![p1g1](https://avatars.discourse-cdn.com/v4/letter/p/cab0a1/32.png) [@p1g1](https://community.clark.com/u/p1g1)\ **Post date:** [March 30, 2025, 6:27pm UTC](https://community.clark.com/t/demise-of-social-security/7358/10 "2025-03-30T18:27:15Z")
There are several changes to Social Security that can be done alone or in combination to manage a future shortage. These include: Raising the Social Security tax income cap Raising the Social Security tax rate Increasing the age of eligibility for Social Security Decreasing the inflation adjustment on benefits ---
**Author:** ![butler](https://avatars.discourse-cdn.com/v4/letter/b/ac91a4/32.png) [@butler](https://community.clark.com/u/butler)\ **Post date:** [March 30, 2025, 6:40pm UTC](https://community.clark.com/t/demise-of-social-security/7358/11 "2025-03-30T18:40:19Z")
> [@p1g1](#): > > There are several changes to Social Security that can be done alone or in combination to manage a future shortage. These include: > Raising the Social Security tax income cap > Raising the Social Security tax rate > Increasing the age of eligibility for Social Security > Decreasing the inflation adjustment on benefits Sure…just more band-aids to address the failing Ponzi scheme. We have done these before…for the same reasons. No one actually wants to solve the problem. ---
**Author:** ![kcflyer](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/kcflyer/32/3346_2.png) [@kcflyer](https://community.clark.com/u/kcflyer)\ **Post date:** [March 30, 2025, 6:51pm UTC](https://community.clark.com/t/demise-of-social-security/7358/12 "2025-03-30T18:51:14Z")
> [@ochotona](#): > > I’m pretty stressed out about the plans to take tens of millions of lines of COBOL code and refactor it into modern code in months, not years. I’m waiting for things to break for my spouse, who is receiving retirement benefits. If she misses payments… how does this get fixed? How quickly? I’m not claiming until late 2030, the new code (if they do the refactoring) should be stable in five years. NOt to worry. The team making these changes is headed by a genius. ---
**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\ **Post date:** [March 30, 2025, 7:03pm UTC](https://community.clark.com/t/demise-of-social-security/7358/13 "2025-03-30T19:03:33Z")
Forgive me Father for I have sinned. I doubted Him. ---
**Author:** ![SonoranSilkies](https://avatars.discourse-cdn.com/v4/letter/s/a183cd/32.png) [@SonoranSilkies](https://community.clark.com/u/SonoranSilkies)\ **Post date:** [March 30, 2025, 8:14pm UTC](https://community.clark.com/t/demise-of-social-security/7358/14 "2025-03-30T20:14:28Z")
> [@ochotona](#): > > If they raise the Full Retirement Age (FRA) to 70, then anyone who claims it earlier will get dinged. If you plan to take it at 70, you’re not affected at all. Not true. You currently can accrue retirement credits each month past full retirement age until age 70 (adds up to 8% per year) by postponing drawing one’s benefits. If full retirement age is pushed off until 70, you will not be able to earn those credits. ---
**Author:** ![ochotona](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/ochotona/32/293_2.png) [@ochotona](https://community.clark.com/u/ochotona)\ **Post date:** [March 30, 2025, 9:09pm UTC](https://community.clark.com/t/demise-of-social-security/7358/15 "2025-03-30T21:09:02Z")
Oh heck you are right. ---
**Author:** ![c200ns](https://avatars.discourse-cdn.com/v4/letter/c/fbc32d/32.png) [@c200ns](https://community.clark.com/u/c200ns)\ **Post date:** [March 31, 2025, 1:47am UTC](https://community.clark.com/t/demise-of-social-security/7358/17 "2025-03-31T01:47:10Z")
If I needed to rely on Social Security I would be stressed as well. I think the POTUS will run it to the ground faster than predicted. ---
**Author:** ![H200h](https://avatars.discourse-cdn.com/v4/letter/h/e79b87/32.png) [@H200h](https://community.clark.com/u/H200h)\ **Post date:** [March 31, 2025, 2:38am UTC](https://community.clark.com/t/demise-of-social-security/7358/18 "2025-03-31T02:38:26Z")
> [@kcflyer](#): > > NOt to worry. The team making these changes is headed by a genius. A very stable one! 🙂 ---
**Author:** ![RasputinII](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/rasputinii/32/334_2.png) [@RasputinII](https://community.clark.com/u/RasputinII)\ **Post date:** [March 31, 2025, 3:43am UTC](https://community.clark.com/t/demise-of-social-security/7358/19 "2025-03-31T03:43:14Z")
Back in 1960 I had a friend told me that I would never collect any Social Security because it’s a Ponzi scream and would collapse. I’ve been on Social Security for more than 20 years and expect to be on it for at least a few more years. ---
**Author:** ![Mark\_Kelley](https://sea2.discourse-cdn.com/flex016/user_avatar/community.clark.com/mark_kelley/32/3897_2.png) [@Mark\_Kelley](https://community.clark.com/u/Mark_Kelley)\ **Post date:** [March 31, 2025, 8:56pm UTC](https://community.clark.com/t/demise-of-social-security/7358/20 "2025-03-31T20:56:58Z")
Never happen, Washington would be stormed by geriatrics. ---
**Author:** ![Ellerslie](https://avatars.discourse-cdn.com/v4/letter/e/e274bd/32.png) [@Ellerslie](https://community.clark.com/u/Ellerslie)\ **Post date:** [April 1, 2025, 4:55pm UTC](https://community.clark.com/t/demise-of-social-security/7358/21 "2025-04-01T16:55:47Z")
You are correct. Just the first one, if it is raised to 400,000 would cover 60% of the shortfall. ---
**Author:** ![SonoranSilkies](https://avatars.discourse-cdn.com/v4/letter/s/a183cd/32.png) [@SonoranSilkies](https://community.clark.com/u/SonoranSilkies)\ **Post date:** [April 1, 2025, 7:28pm UTC](https://community.clark.com/t/demise-of-social-security/7358/22 "2025-04-01T19:28:26Z")
Why raise it to only $400,000? Maybe it should be raised to ALL wages and employer paid compensation? [Next page](https://community.clark.com/t/demise-of-social-security/7358.md?page=2)