Talk of The Villages Florida - View Single Post - Social Security 2023 COLA to be announced Oct 13th
Thread: Social Security 2023 COLA to be announced Oct 13th
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Old 10-14-2022, 08:49 AM
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Quote:
Originally Posted by Stu from NYC View Post

It was to be a govt funded pension system not a system of wealth transfer.
It’s not Government funded, it’s funded by FICA taxes taken out of working peoples pay checks. If I didn’t have to pay FICA taxes my whole working career, and instead was able to keep and invest those funds I earned, I would have more money saved than I will ever get paid in Social Security checks.