Millennials, Gen X and Gen Z say the system needs reform, an exclusive Newsweek poll found, amid fears the benefits won’t exist when they come to retire
Younger generations in the U.S., including millennials and Gen Zers, are much more likely to believe that the Social Security system needs reforming than those in their 60s and 70s, according to a recent survey conducted by Redfield & Wilton Strategies on behalf of Newsweek.
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Some 40 percent of respondents said they believe that the Social Security program currently pays out more to retirees than it is receiving in Social Security tax payments, while 26 percent disagreed with this statement.
Gen Zers (ages 18-26), millennials (ages 27-42) and Gen Xers (ages 43-58) were more likely than boomers (59 and older) to think that Social Security should be reformed.
Yeah, commercial real estate could be a serious issue for the banks. A small amount of deflation is not a bad thing, although large amounts in a very short time definitely is. From what I am hearing, people expect the Fed to begin cutting rates as early as March or April, which definitely is not most of 2024. If the cuts are slower than what the raises were, we might be alright. But something makes me doubt that, because the Fed very much seems to lurch from one crisis to the next. Seems more like an out-of-control train than a well-controlled system.
Edit: Not to mention that other central banks are buying of gold because of the US threatening to send Russia’s dollars to Ukraine. And therefore showing that dollars as reserves are not meant to be trusted and can be removed on a whim if it suits the US’s political agenda.