Social Security payments now

Remember that when the Fed issues a Computer generated digital payment, that is exactly what it is and there is no money exchange to your bank. Just a digital number. There is absolutely no cash involved in the transaction. The Digital thing is just a number, not currency. If it
goes to your checking account, most likely your bank makes money on it while it is there in your account too. If you want to pull out $20,000 they will get a Federal Reserve bank delivery in a few days, so to hand you the bag, 200 lb. --- of $.25 pieces. You notice anytime you want
Cash at the bank, say $100 the teller has to go to the Vault to get it. I seriously doubt there is much Folding paper cash in that vault. It's
a Digital Cash society now, thus Bit Coin, Meme Coins, ... embark on a risky voyage?

I seriously doubt if a Billionaire has much over $1000, a wad of $50's / $100's in his pockets at anytime.
 

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Aunt Bea said:
I think that it’s a timing issue for the folks that normally get paid at the beginning of the month.

When the new month starts on a weekend day the SS payment for that month may be deposited in the last day of the previous month.

That appears to be a possibility this year because February and March 1st are both on Saturday.

I get paid on the second Wednesday and never experience that adjustment.
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I have an online account that deposits 3 and sometimes 4 days ahead. One of those NetSpend type accounts. Been this way for years. Usually on the 29th or 28th
 
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I got mine as usual, which is the 2nd Wednesday. My bank deposits it the morning before, Tuesday. Wish I had gotten some extra. I hated it when it was shown that I'd be receiving my payment every 2nd Wednesday. I wanted to get mine on a specific date, like the 3rd, as others I know get theirs. But I'm just grateful, really, that I have it at all. In my later working years, because of government maneuvers, I wondered if it would even be there as I neared retirement age. I worked for it. I deserve it.

What do they do with the money that workers put in, during long hours and years of working, if the retired workers have so much savings and assets that the government won't give them the money that was taken out of every check that they made? I don't understand this. The worker's money that was consistently taken out, not the government matched part, should be given back to the retired worker no matter their assets.
 
DailyArtsyCrafter said:
I got mine as usual, which is the 2nd Wednesday. My bank deposits it the morning before, Tuesday. Wish I had gotten some extra. I hated it when it was shown that I'd be receiving my payment every 2nd Wednesday. I wanted to get mine on a specific date, like the 3rd, as others I know get theirs. But I'm just grateful, really, that I have it at all. In my later working years, because of government maneuvers, I wondered if it would even be there as I neared retirement age. I worked for it. I deserve it.

What do they do with the money that workers put in, during long hours and years of working, if the retired workers have so much savings and assets that the government won't give them the money that was taken out of every check that they made? I don't understand this. The worker's money that was consistently taken out, not the government matched part, should be given back to the retired worker no matter their assets.
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Your benefits have nothing to do with your financial worth or current earnings. If you paid in the required forty quarters you can receive SS benefits.

Also the government doesn't match your SS payroll deduction while working, your employer does.
 
Think Wednesday payouts have been around for at least 15 years now. The Wednesday of the week your birthday falls on.
They gave it to us a month ahead of retirement Birthday so if we crash they won't pay another after our crashout. A
National holiday probably messes with a Wednesday ? Pays early?

Medical examiner / Coroners crash us out and notify them. Most likely a problem occurs with a missing body / never a body!
A drift in a space capsule probably counts? Payment by check at your mail box may vary?

Not trusting what's going on, contact info, most all of it may be a scam now! DOGE activities are proving to be against the Law most likely.
I seriously doubt much money is actually being saved, just a lot of info is out there now.
 
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papa tiger said:
You notice anytime you want
Cash at the bank, say $100 the teller has to go to the Vault to get it. I seriously doubt there is much Folding paper cash in that vault. It's
a Digital Cash society now, thus Bit Coin, Meme Coins, ... embark on a risky voyage?
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I have an account at a commercial bank and one at a credit union. I cash checks for a couple thousand dollars every few weeks, sometimes more if I know I have a contractor/plumber/electrician to pay.

They have never had to go to the vault. It comes from their cash drawer.
 
DailyArtsyCrafter said:
I got mine as usual, which is the 2nd Wednesday. My bank deposits it the morning before, Tuesday. Wish I had gotten some extra. I hated it when it was shown that I'd be receiving my payment every 2nd Wednesday. I wanted to get mine on a specific date, like the 3rd, as others I know get theirs. But I'm just grateful, really, that I have it at all. In my later working years, because of government maneuvers, I wondered if it would even be there as I neared retirement age. I worked for it. I deserve it.

What do they do with the money that workers put in, during long hours and years of working, if the retired workers have so much savings and assets that the government won't give them the money that was taken out of every check that they made? I don't understand this. The worker's money that was consistently taken out, not the government matched part, should be given back to the retired worker no matter their assets.
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huh? the government puts no money in your the ss fund other than the interest paid on the bonds ss buys .

your assets have nothing to do with social security either .

there is no proposed bill anywhere taking away anyone’s social security, GEESH
 
Money deducted for social security goes into the general revenue fund. There is not separate account that has your name on it. It's a bit like life insurance; someone may pay into it for many years and then pass away before receiving any benefits. Someone else may have paid into it less money for a fewer amount of time, but live for many decades and receive far more money back then they ever paid into it. It's one manifestation of what I call "life is a crap shoot."
 
DailyArtsyCrafter said:
I got mine as usual, which is the 2nd Wednesday. My bank deposits it the morning before, Tuesday. Wish I had gotten some extra. I hated it when it was shown that I'd be receiving my payment every 2nd Wednesday. I wanted to get mine on a specific date, like the 3rd, as others I know get theirs. But I'm just grateful, really, that I have it at all. In my later working years, because of government maneuvers, I wondered if it would even be there as I neared retirement age. I worked for it. I deserve it.

What do they do with the money that workers put in, during long hours and years of working, if the retired workers have so much savings and assets that the government won't give them the money that was taken out of every check that they made? I don't understand this. The worker's money that was consistently taken out, not the government matched part, should be given back to the retired worker no matter their assets.
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What are you talking about assets?
 
These posts bring back memories of how not to long ago keeping track of money in & money out how time consuming it used to be.

Get a bill in the mail, mail a check. Wait for the bank to send a statement of the check clearing. When received balance against your check book.

Now including Soc. Sec. electronic in, electronic bills in email, using bank bill pay for free electronic payment out. All visible with the click of a button.

As for Soc. Sec. I check in the middle of the month. Sometimes it's there sometimes it's pending. But it's always there when I check the account at the end of the month.
 
spectratg said:
Money deducted for social security goes into the general revenue fund. There is not separate account that has your name on it. It's a bit like life insurance; someone may pay into it for many years and then pass away before receiving any benefits. Someone else may have paid into it less money for a fewer amount of time, but live for many decades and receive far more money back then they ever paid into it. It's one manifestation of what I call "life is a crap shoot."
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But how much you receive is based on how much you contributed. I only worked full time for a few years so my monthly amount is quite low.
 
spectratg said:
Money deducted for social security goes into the general revenue fund. There is not separate account that has your name on it. It's a bit like life insurance; someone may pay into it for many years and then pass away before receiving any benefits. Someone else may have paid into it less money for a fewer amount of time, but live for many decades and receive far more money back then they ever paid into it. It's one manifestation of what I call "life is a crap shoot."
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Government generated digital payments do not act as cash. Its a digital number, the bank makes money on it in your account until you remove the digital amount. Sure you can pickup cash at the bank for the digital amount. In a few days the Reserve bank will deliver a bag of nickels.
Soon you will wait for hours for the Reserve bank to deliver you your bag of Quarters. The Gov does not borrow, it sends a number. Thas all this is all about. The USA government operates on digital currency, no huge gold, silver reserves. That all ended many decade ago. Now you know
why and how Lawmakers spend so much shat on BS ideas.

Have you no idea how a Billionaire deals with his crap. He does the same thing. Basically he leases it all. No real currency in his vault at home, maybe a few $1100's. He has a office in a large town make digital payments to a digital loan office in a digital banks upper level of offices.
The printing of actual currencies is a digital night dream of a sleeper. Can one even imagine what printing 100 trillion in $1000. $10,000 bills would, area consume in a bold vault!

Go on , Buy some digital Bit coins, Memes and good luck ever holding any Gold or Silver Bars.
 
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spectratg said:
Money deducted for social security goes into the general revenue fund. There is not separate account that has your name on it. It's a bit like life insurance; someone may pay into it for many years and then pass away before receiving any benefits. Someone else may have paid into it less money for a fewer amount of time, but live for many decades and receive far more money back then they ever paid into it. It's one manifestation of what I call "life is a crap shoot."
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it’s an insurance/annuity program .

those who die pay for those who live
 
mathjak107 said:
it’s an insurance/annuity program .

those who die pay for those who live
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Right. And as I understand it, current money paid to us comes from those still working plus the "IOU"s from the general revenue funds for money collected in the past from us under Social Security. When those "IOU"s run out and incoming money from younger folks still working is not enough to pay out full benefits is when the system is in trouble, along about 2034 more or less.
 
spectratg said:
Right. And as I understand it, current money paid to us comes from those still working plus the "IOU"s from the general revenue funds for money collected in the past from us under Social Security. When those "IOU"s run out and incoming money from younger folks still working is not enough to pay out full benefits is when the system is in trouble, along about 2034 more or less.
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there is no money from general tax funds going in to ss except interest and principal on bonds that’s paid from
surplus ss which have had principal and interest paid in a timely matter to date .

no ss money goes into general funds either .

even income tax paid on ss gets credited to the social security trust fund.

at some point in the 11th hour , congress will have to divert some of the money they typically squander and waste to refund social security

all insurance depends on future money to pay future claims.

if by general funds you mean the social security trust fund , be careful of the words you use since general funds refers not to the social security trust fund but the funds general tax revenue goes in
 
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So far Wednesday's digital number has not shown up.
Most likely there is no such thing as under the budget a happening.
Payments are made digitally. Thas all, no actual cash / gold backed money borrowed or spent.
Only about 10 trillion in gold actually exists in the world.

Most likely a belief that all of protections schemes are just Mafia / Ponzi schemes. Demo, NAZI, socialism, Communism, Feudal, Dictators, Kings, Emperors, its all just a Ponzi scheme. Take, Take, TAKE, TAKE, TAKE, TAKE<TAKE<TAKE<TAKE<TAKE<TAKE<TAKE .......... :sick: ..........

Some guy shows up with proof he'9s got $Trillions, wishes to buy everything, he shot and floating without a net someplace else.
 
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