I thought there wasn't any money in SS, which is why young Americans can't take any out. It was created as a pay-as-you-go system because FDR was a socialist conman. There's no investment involved; it's just transfer payments from young to old. Was/is my understanding. I understand there may have been some surplus saved up when boomers were young which is probably now disappearing.
I thought there wasn't any money in SS, which is why young Americans can't take any out. It was created as a pay-as-you-go system because FDR was a socialist conman. There's no investment involved; it's just transfer payments from young to old. Was/is my understanding. I understand there may have been some surplus saved up when boomers were young which is probably now disappearing.