this post was submitted on 25 Sep 2023
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United States | News & Politics

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Baby boomers are becoming homeless at a rate ‘not seen since the Great Depression’ (moneywise.com)
submitted 1 year ago by narwhal@lemmy.ml to c/usa@lemmy.ml
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[–] derf82@lemmy.world 19 points 1 year ago

Or more accurately, social security should be a proper national pension plan. Fund it by increasing contribution rates and uncapping contributions.

I stick with my underpaid government job solely for my state pension. At 55, I can start to get 70% of my final salary guaranteed, with annual COLA adjustments. I may not be rich in retirement, but I can get by.