A lot of inaccuracies. The people working now pay for the SS checks elders get today. The money you paid 30 years ago does not go into a holding area just for you, it paid for all the retired people’s SS checks and congress stole the rest to pay for their spending.
If they would have asked me to choose pay into social security or invest it yourself, I would never give the government the money, I would be much better off investing my money myself. If you invest $500 a month in your 20’s, you would have $1.5M in your 60’s, and if you raised your contribution from $500 a month to say $1000 or more when you make more money in your 40’s, you would have much more than $1.5M. I would have to live to 150 years old to get what I paid into SS
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