BURDENS ON THE YOUNG
Clarifying college debt and Social Security
I fully support Andrew's Richner's view on college debt ("Social Security insecurity," Sept. 14), although he needs to know that many of the baby boomer generation paid 50 percent to 75 percent of his age group's college bills to begin with, having put away money for 18 years.
We did this gladly, but many of these graduates are returning to the nest due to the job situation. We need to set them on their way, by reducing or forgiving their college loans, so we can save more for retirement and these kids can support the economy.
NANCY SURGES, EAGAN
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Richner is just plain wrong about Social Security. It is not just a retirement program. He is also plain lucky. He could have received Social Security benefits most of his young life if either of his parents had died or been disabled and had been paying into the system before their misfortune.
Few understand that Social Security has three parts: old-age insurance, survivors insurance and disability insurance.
Checking statistics under www.ssa.gov, one finds that as of July, almost 8 percent of Social Security beneficiaries that month were under 18, while only 64.3 percent were retired workers. The balance were either disabled workers or dependents of retired or disabled workers.
So, while I agree with Richner that college debt is a terrible problem for young people, it might be more fruitful if he and his peers worried more about that than about receiving Social Security when they retire.