If You’re Under 40, Don’t Bank on Social Security http://t.co/zs4D7ReR
— WSJ Personal Finance (@WSJpersfinance) April 29, 2012
Let’s focus on using the phrasal verb ‘bank on’ today. Here are some common ways you will hear it:
You can bank on (something).
I banked on (something), but (something else happened).
There are many other ways to express what the phrase ‘bank on’ does.
Here are all of the situations ‘bank on’ can be used in:
to hope, to have confidence in something, to plan for something, to expect something, and other phrasal verbs, ‘bet on’, ‘rely on’, and ‘something you can count on’.
The phrase is probably used because to put money in a bank was to put it in a safe place, so you could rely on the bank. Since today’s example is about getting money back from social security that we’ve paid in to, it is kind of ironic and clever to use ‘bank on’ in their sentence.
So, today’s example basically means,
‘If you’re under 40, don’t hope to get your social security money back.’
Pretty depressing news… I know America is not alone in this issue. Is your country in the same situation? What do you think is a good alternative to social security? Should we refuse to pay into a system that promises to protect us later in life, but will eventually fail to do so?
Let me know in the comments!
Situations & Examples
Read the situations, but write down your own sentence using today’s target. When you finish, click ‘Show Example’. Share your own sentences in the comments!
You’re watching the news one evening, and you see an interview with one of the star players of a college basketball team. The team had just won a playoff game, and was going to the final. The reporter asked the very confident, cocky star, “Your last three games, you’ve averaged 55 points. Do you think you’ll be able to keep this up in the final?” He replies,
“You can bank on it.”
Your friend just opened a flower shop a couple of months ago. You go in the day before Mother’s Day. The shop is a total wreck, it’s filled with people, and your friend is hectically running around the store. When you finally get to the register, you ask your friend if everything’s OK. She explains they thought they would get more orders, but they weren’t ready for this many. She says,
“We banked on a lot of orders over Mother’s Day weekend, but we were unprepared for so many!”
Review the lesson for Over the Holiday Season
You just finished running a 5 K race at a school track meet. You normally only compete in sprints, but this was your first long distance race. You planned to let the other runners run faster ahead of you, hoping that you would have more energy at the end to sprint by them. You were too far back on the last lap, though, and you couldn’t catch up. None of the other runners burned out (take a look at the Burn Out lesson to learn about this phrase). You explain to a team mate,
“I was banking on the other runners to burn out during the last lap.”
You and your wife have just taken up bird watching. You plan to go on a big bird watching hike together, but you hadn’t planned for an unexpected, late spring snow storm. Telling your friend about the experience, you say,
“We had planned the perfect trip, but hadn’t banked on wind, snow, and freezing weather conditions!”