People pay into it for the promise of something that may never get delivered.
like an advance fee scam
but the hope is that you don’t actually take your money out,
and Die
lmao
life expectancy was around 65 then people started, idk, living longer with the advancements in tech or something.
Anyways, you get people who live to see retirement and ackshually retire.
so, uh, this unsustainable ponzi scheme needs to recoup its losses.
The Degenerate Financial Eggheads decided to kick the can on payouts by;
- changing the distributions
- raises taxes to have higher cash in flows
- raise taxes on the cash outflows
- add more penalties and restrictions
- add more stipulations
- Basically social security became a scam.
The only other recourse would be to have old retired people die early by some sort of angel of death. Maybe a pandemic or maybe a shitty VA Hospital Parking lot.
Point is, some greedy fucks in government found out that they don’t have to pay your pension if you’re dead.
In fact, most of them think that Social Security debt and National Debt are eyesores that shouldn’t be dealt with directly and only kicked down the road for our future generations to deal with. As if.
Simply by making wild suggestions like if they just increase the retirement age every two years for every year.
So, yea….
Even if you got your so called ‘benefit’
With inflation rates and the cost of living, getting an apartment rent is on average;

Average Social Security benefits are, well;

On average, good luck living a comfy life with that spare 300 bucks or so a month. This is of course assuming you don’t have any retirement plans or pensions elsewhere being gambled by some wealth fund manager in a volatile stock market.
Chances are, you could be on the low end of Social Security with less than the average.
That’s how averages work.
Anyways, you’d be priced out of most metropolitan cities and small cities. Just saying.
So Social Security isn’t enough to secure your lifestyle after working for paying into it.
Also, the Government is diminishing it

You know, the same crackhead that owes a fuckton-

-but promises to magically pay it back.
Social Security is just another lever arm for ‘taxes’ imposed onto the people, like Sales Tax, Property tax, or inflation, or etc. More things to make living unaffordable based on some good idea fairy that died many moons ago.
A bunch of fugazzi words for shit we don’t need to be stolen by people who vote themselves richer. Charming existence really, how’s the weather near you?
In Closing,
Don’t bet your chips in one place. The Government is running this racket. Nothing Social about these benefits.
Hope I’m wrong as fuck, as always, there are No Safe Bets,
Nailed it #smart
*Not Valid Financial, Legal, Life, or Any Advice