32 states have laws that require adult children to be financially responsibility for their impoverished parents. There are no laws that require financially stable older parents to be responsible for their impoverished adult children. Why is it easier for adult children to receive social program handouts at taxpayer expense and not the elderly?
Your question doesn't clearly reveal your point. Are you suggesting that the elderly should be required by law to take care of their adult children? That's an interesting question for debate. It would certainly have an impact on parenting – maybe for the better!
Or, are you suggesting that the elderly are somehow deprived of their fair share of tax dollars because the money is lavished upon the younger poor?? Because that's crazy talk.
The facts are that the biggest, most costly, taxpayer "handouts" (your word, not mine) by far are Medicare and Social Security for the elderly. The tax dollars "handed out" to younger citizens are minuscule by comparison.
Tax "handouts" to elderly (Medicare and Social Security) = $1.20 TRILLION
Tax "handouts" to children and families (Food Stamps, School Lunches, "Welfare", Children's Health Insurance Program, etc.) = $.09 TRILLION
I'm not suggesting that there shouldn't be a safety net for the elderly poor. On the contrary, I think that it should be much more substantial than it is currently. However, sending Social Security checks and Medicare cards to elderly millionaires at the expense of poor children and struggling families is disgusting. It's clear evidence of how our laws are made and who they're made to favor.
As for the old "they paid into it" trope...just not how it works. Social Security payments for the elderly come from payroll taxes on current workers. It's NOT a savings account that you contribute to while you're working. It NEVER has been. It has ALWAYS been an entitlement program, there was just no asset qualification (and that's got to change).
Obviously, we should all save for retirement. Some can't or don't and therefore, enter the non-income earning years with little or no money to support themselves. When there were multiple baby boomer workers to support each elderly person, there was plenty of money to make payments to everyone, regardless of their financial status. Now, there are not enough workers to support EVERY elderly person (and there will be even fewer as the baby boomers age), so some criteria will have to be used to determine who gets Social Security. So, who should get a check, a rich person who has plenty of money to support themselves or a poor person who does not? It's that simple.
There are two funds within SS, and the programs draw money from these funds. Retirement money for people and their dependents come primarily from the largest fund. Money for disability and survivors are drawn from both funds. I don't remember the percentages right now.
But SS is not an entitlement program. The fund is owned by us.
When Social Security was designed many years ago, the idea was that every worker would be taxed, but not every person would collect. In 1940, only 54% of adult men could expect to live to age 65. By 2000, 72% could. And, people collect longer now than they did then. It's not sustainable in the long term.
- SS for retiree's is an investment based entitlement - your "pay-out" is dependent on how much you paid into or invested. So the very, very elderly, like my mid90's mom, get about $ 600 - 900 a month as their investment is based on their working years of the 1940 - 1970's when wages were lower. While those recent retiree's can get double or triple SS since their wages were much higher. So they have more investment dollars for the base payout. If you paid into the system by & large you get an entitlement or do it based on your spouse.
- Medicare is an umbrella medical and hospitalization entitlement. Also now it includes a prescription drug program. Umbrella in that all the rules are based on the same federal standard and payout for health care based on community standards. You get it once you become 66 and have the payment for it deducted from your SS check and you cannot opt out of Medicare.
- Medicaid is a needs based entitlement program for the very poor and although it is federal, Medicaid is adminstered by each state under their state rules and laws. Medicaid requires re-certification or renewal. About 60% of all NH residents nationwide have their states Medicaid program paying for their care.
None of these are an ideal system but every day I am so grateful that these programs are there for my mom and all the other elderly and others at-need.
to DebraLee - Filial responsiblity laws are rarely enforced. I'm remembering that they have been enforced in PA but those situations were that family were held responsible for the elder's NH debt as they did not submit the documentation needed for Medicaid and they signed off on being finanically responsible person at the time of admission.
It's true, when we arrive at our 'golden years' whether we're very wealthy or have little money and few assets, the government provides us with income and comprehensive health care. When we're younger and struggling to be productive members of society, getting help is nearly impossible without impoverishing yourself to the point where it's almost impossible to recover.