One significant item draining SS funds is supplemental social security benefits given to seniors who immigrate to US. They have never worked in US and therefore never “contributed” FICA tax. Yet they are given lifelong monthly benefit checks.
“One significant item draining SS funds is supplemental social security benefits given to seniors who immigrate to US. They have never worked in US and therefore never “contributed” FICA tax. Yet they are given lifelong monthly benefit checks.”
No one has contributed to Social Security...they only paid a tax called Social Security. It is a welfare program, or a transfer program (to use a less provocative term, if you will), and the fact that tens of millions of people who never paid that tax (or have paid next to nothing) are cashing in on it only proves it further.
The huge numbers getting classified as disabled when unemployment runs out is a greater drain. More people are classifying as disabled and getting Social Security Disability than getting jobs many months.