The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  https://boards.fool.com/social-security-isnt-insurance-it-doesnt-32157969.aspx

Subject:  Re: Attitude Question - SS Date:  3/14/2016  1:48 PM
Author:  tjscott0 Number:  79300 of 97373

Social Security isn't insurance. It doesn't function like insurance. It's not even close.

ABSOLUTELY!

Benefits promises far exceed dedicated tax revenues:
http://www.concordcoalition.org/social-security/social-secur...

http://www.concordcoalition.org/issues/entitlements/what-soc...
Myth: Each worker has his or her own Social Security retirement “account” at the Social Security Administration.
Fact: No—Social Security is not a personal investment program. It is a “pay-as-you-go” Federal entitlement program where current workers fund benefits for current retirees and disabled Americans.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us