General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA topic that SHOULD be at the top of the Priority Stack for Congress.
The minimum Social Security benefit.
Let's say you worked and filed taxes for around 20 years... but never made much money.
Your Social Security payment would be around... $480 per month.
That's $480 to keep you alive for the rest of your life.
A lot of people spent decades caring for others, parents and children, etc. A lot of people were self employed and their taxes reflect minimal earnings.
Me personally, I think that no matter HOW MUCH or how little you paid in taxes, the minimum amount you should receive is around $1200 a month if you filed taxes for 20 years.
$500 a month is eating cat food and keeping the thermostat at 62* in Winter...
Thoughts?
Walleye
(30,723 posts)I was living in New York in the 80s and hated the job but the pay was pretty good and it did result in an amount on my SS That I can live on, now that my expenses arent too high.If you worked in the healthcare field in the 70s and 80s as a nurses assistant or something,you werent making any money at all.
Hugh_Lebowski
(33,643 posts)Which has, IMHO, happened much too slowly. And we all know why that's the case.