I just turned 60. I have been told since the time I was 14 years old that SS would run out of money by the time I retired. So, I started saving for retirement when I was 18. I started some mutual funds with $25 monthly deposits.
So, IF people are my age or younger and are depending on SS they are STUPID. They deserve to be poor or work until they are 75. I want the money back that I put in and expect nothing else. They need to means test SS. Nobody in Federal government has the guts to do it.
I agree with you 100%. And I would like to see a private option for Social Security, so workers could direct their SS taxes to their own personal retirement accounts (their own property)- perhaps after irrevocably opting out of receiving benefits from the government. Just an idea, something like that.