@keds_economist: The #stockmarket is tumbling fast. A great day to remember why #socialsecurity is designed the way it is. It didn’t tumble and no retiree income went down. It’s insurance for days like today. #poverty #recession #financialcrisis

keds_economist
keds_economist
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Region: US
Friday 04 April 2025 19:11:39 GMT
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dogsinautumn
Camerado :
I’m so tired of so many people behaving as though we don’t have a duty to take care of each other. We have to reinforce that ethic
2025-04-04 19:36:01
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blake.ashby
Blake Ashby :
Well said. People trying to tear it down conveniently ignore that it’s an income transfer program, not a retirement savings plan.
2025-04-04 19:18:31
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we_are_rob
We_Are_Bob :
I'm not interested in the paltry SS payments that may not even be there in a few years. The catastrophic damage the orange man is doing to average US citizen is horrible.
2025-04-04 20:50:00
7
lifeisbrutiful
lifeisbrutiful :
I have not looked at my 401k. I cannot.
2025-04-04 19:48:36
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sassenach_1997
Sassenach :
Give trump time. They will destroy SS & Medicare as well
2025-04-04 20:38:21
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_allen_dean_
Allen Dean :
in 2008, my uncle, who works for the USPS, lost 200,000.00 in 2008. 200k. When ppl tell me to just invest, and that SSA is a scam, i just laugh at them.
2025-04-04 20:37:50
159
julieehrlichprice
julieehrlichprice :
He is going to ruin social security too! 🥺🥺🥺
2025-04-04 19:35:35
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distractedbuddha
Distractedbuddha MSEd. LPC :
I’m 45 and I have ZERO faith that social security will be operational by the time I would be able to retire. Between this and MASSIVE student loans, I’ll just work until I’m dead.
2025-04-05 09:51:41
63
hestiagwyn
🇺🇸HestiaGwyn🇳🇱 :
I’m 3 yrs from retirement (unless they change the rules again) and moved 98% of my 401K into annuities right after the Nov election.
2025-04-04 20:15:56
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user4952870429926
user4952870429926 :
All of us in our early 60’s thinking we only had a few more years to work (after working 40+ years) will now be working into our 70’s…
2025-04-04 19:32:44
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whaaat99
Whaaat99 :
I appreciate this! We've lost 300K between 4/3-4 for a total of 800k since November. I'm finding it hard to get out of bed today. We've worked so hard for years to lose in 6 months.
2025-04-04 20:33:44
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marthabuckleyyoung
Martha Buckley Young :
Thank you for your analysis, it keeps me calm.
2025-04-04 23:46:34
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ohgormley
Ohgormley :
Your podcast on social security is great! Sending it to everyone I know.
2025-04-05 01:12:44
3
cominuprosie
Kimberly Rose :
I’m just thankful to have a job with a pension.
2025-04-06 00:35:35
2
sarahsoda52
Sarahsoda52 :
Thank you for this reminder. I needed to hear this!
2025-04-04 20:47:57
4
specter0929
specter0929 :
Late stage capitalism is toxic
2025-04-05 05:27:33
5
youareimportant.org
youareimportant :
this is why bankers want their hands on it. if they get that they'll crash it like the banking scandals of the past.
2025-04-05 03:56:04
8
gladmandavid
gladmandavid🇬🇧 :
Not forgetting the power Blackrock has over CEOs to push costs downWhich is often people's WAGES LOWERED All the money is going upwards to the very wealthy. WEALTH TAX NOW Pretend wealthy VOTE LEFT
2025-04-04 19:53:09
9
cedwardscato
chris edwards at cato :
no SS gets less secure every year the politicians dont reform it
2025-04-04 19:29:40
8
fusion929
david :
2008 was alot worst I remember well bought ford at 1.80 it's currently 8 a share
2025-04-09 16:08:59
1
alimagtastic
amagtastic :
such a great call out. aligns to your previous call out tot the government is not designed to be a profit center bc it’s not profitable!
2025-04-04 21:14:49
2
lathills
Lathills :
I understand what you are saying, but they are destroying social security slowly
2025-04-05 16:18:01
1
fuckofffascists
fuckofffascists :
I wish people realized that this safety net not only helps the individual but the society as a whole.
2025-04-04 22:46:47
3
3treepo
3TreePO :
Economist are cool .. !
2025-04-05 20:14:11
1
kendraanne7
Kendra :
Yes!! With sharp decline in availability of defined benefit pensions, social security is more important than ever
2025-04-06 17:38:09
1
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