Social security is draining itself by paying out more than it puts in.
It needs to be reformed into something more like a mandatory 401K.
It really sucks, young people probably won't get the money back. And even if they do, it will be for a comparatively low return compared to any self investment of the same funds. And they might print a lot of money to make these payments. Which reminds me of the shit that went down in Greece.
Social security is draining itself by paying out more than it puts in.
It needs to be reformed into something more like a mandatory 401K.
It really sucks, young people probably won't get the money back. And even if they do, it will be for a comparatively low return compared to any self investment of the same funds. And they might print a lot of money to make these payments. Which reminds me of the shit that went down in Greece.