Social Security was never meant to be a permanent solution.
Now, it's been expanded far beyond its initial reach and it pays out more than what the working class puts in - and really, it's not much for the average American. Due to math, it will fail sooner or later. It just needs to not be catastrophic.
We need a phase-out plan to support the remaining population that already paid into it their entire lives while also hopefully ensuring our working class gets a new retirement plan/fund. Better 401K...Pensions... something. May as well do it while the markets are down - like ripping off a bandaid.
Social Security was never meant to be a permanent solution.
Now, it's been expanded far beyond its initial reach and it pays out more than what the working class puts in - and really, it's not much for the average American. Due to math, it will fail sooner or later. It just needs to not be catastrophic.
We need a phase-out plan to support the remaining population that already paid into it their entire lives while also hopefully ensuring our working class gets a new retirement plan/fund. Better 401K...Pensions... something. May as well do it while the markets are down - like ripping off a bandaid.
AMEN! I can't stand the sight of how much of my paycheck goes to SS. I could invest that money myself and be exponentially better off at retirement!