Tuesday, January 17, 2012

Living on Social Security 008: "Living on Social Security and Medicare: The Reality" from Huffington Post and Andrew Reinbach

-If Social Security is so good, so great and so accepted, then why oh why do we get ridiculous articles like this? Sure it's a problem... but a government created problem.  A ponzi scheme that is about to blow up!  Great job FDR!!!
In 2009, about 23 percent of Americans collecting Social Security--about 14 million people--depended on it for at least 90 percent of their income. Another 50 percent, or about 30 million Americans, depended on it for half their income. Added together, that's 44 million, or 71.08 percent, of all retired Americans. In 2010, there were 61.9 million Americans 65 and older. 

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