Telling someone they should have saved more doesn't help now.
No, but it's very instructive for those watching so they can mend their own ways.
It's too little too late. It might make you feel better, but it solves nothing.
And who would have predicted ... home insurance, property taxes to have continued to grow ...
Well, given that homes are much, much larger than they were when I was a kid, and that property taxes are based on home value which is (and has always been!) largely impacted by size, pretty much anyone with a brain who gave it the slightest thought could have figured those parts out.
You misquoted me. You left off this extremely critical part of my quote which is important for context "continued to grow
decade after decade at a much faster rate than inflation while SS benefits have not, while SS benefits are being taxed at much greater percentage now"
And I mentioned this elsewhere, my property taxes and insurance have gone up far far faster than the value of my home has gone up, much faster than inflation. Imaging for seniors over a much longer time period.
And who would have predicted ... SS benefits … with potential cuts to benefits of 25% if nothing is done to prop it up?
Me? In 1968 at age 11?
Again, you're misquoting me. What I actually stated was:
And who would have predicted health care costs including Medicare related costs, home insurance, property taxes to have
continued to grow decade after decade at a much faster rate than inflation while SS benefits have not, while SS benefits are being taxed at much greater percentage now, and with potential cuts to benefits of 25% if nothing is done to prop it up? In other words, it's a piling on of multiple things over multiple decades that has made the problem much worse.
In my county elderly people with lower incomes ALREADY have their property taxes cut.
I know of places that do that also, but it's a very small amount such as 10% off on a $200,000 home, that doesn't give much relief, and that's not the same thing as a property tax credit which gives potentially a credit for half of the tax amount and makes a more significant impact if applied at the federal level.
The time to prop up SS was when the people currently receiving it or about to receive it (including me) were in their prime earning years, NOT after they pass that buck to a younger generation.
Do you have a time machine to go back so that we can make changes sooner? Future generations will still receive SS. It makes sense to increase the payroll tax and lift the cap, and increase the retirement age for those of us over 10 years from SS age, and further yet for those 15+, more for those 20+ years from SS age as to sustain it for future generations.
We do subsidize their insurance costs. It's called Medicare.
Medicare Part A, which seniors have paid into all of their careers, only pays a small part of seniors health care costs. I already mentioned the additional Medicare costs in my previous posts. You really need to purchase additional Medicare parts and supplemental, and even then not everything is covered. I know people that are paying about $10,000 per year for Medicare parts/supplementals, and it still doesn't cover everything. People on ACA subsidies can get by with much lower costs than that, Medicaid even less. Also, if a senior has not paid into Medicare for long enough while working, they are not eligible for even the free and limited Part A, they have to pay even for that, not to mention those other parts/supplementals. I think we need to lessen this ever-increasing financial burden from some of our most vulnerable citizens. I realize some people hate old people and would rather see them suffer while giving $12,000/yr to the young wealthy as a UBI payment, which I think you even expressed potential support for, which would leave these seniors out (see link in my previous post). So I'm trying to be a spokesperson for seniors, who are being neglected. After-all, we hope we all will be old someday.
