[Andrea19]

As one of the "yutes" from the article I'd rather invest it.

Help promote Conservative activism here & here & here & here

[infowarrior]

American Youth Wrongly Expect Nothing from Social Security

*I* expect nothing from Social Security, for all those years I've already paid into it, and *I* am 55 years old. Wrongly? Someone isn't doing their math right...

the infowarrior

[pnh102]

Of course we should expect nothing from Social Security. The math just doesn’t work.

[dajeeps]

"But however much Social Security must be subsidized by the Federal government [taxpayers], lawmakers would never allow those promises to lapse for reasons of expediency.

[Psycho_Bunny]

"But however much Social Security must be subsidized by the Federal government, lawmakers would never allow those promises to lapse for reasons of expediency. "

LAWMAKERS. Would NEVER do something for reasons of expediency? Lawmakers?

[sten]

can i stop paying the 15% then?

didn’t think so

[Justa]

In other news pre-schoolers overwhelmingly support Federal tax increases.

[An.American.Expatriate]

Subsidize SS? Hell, just pay back what was taken out! That will keep it going for a while anyway ...

THEN phase out SS and encourage SAVING for retirement.

Oh, forgot - we are talking about the government.

[US Navy Vet]

If American “Youth” had ANY brains they would run for office and/or get behind candidate who would DUMP “Social Security”. Like I said if they had ANY BRAINS(No Brains BUT LOTS of “Self Esteem”)!

[gogeo]

Of course, this strips away the entire point of Social Security: the reason to invest throughout life is so that the balances grow and compound over time rather than simply stuffing the money in a mattress. As Social Security simply becomes a transfer payment from the young to the old, benefit levels will drop correspondingly as the money has no chance to grow...

Wow...is this ignorance of history, or an attempted rewrite of history?

SS has always been a transfer payment from the young to the old.

From the Evil Empire, Wikipedia:

The first monthly payment was issued on January 31, 1940 to Ida May Fuller of Ludlow, Vermont. In 1937, 1938 and 1939 she paid a total of $24.75 into the Social Security System. Her first check was for $22.54. After her second check, Fuller already had received more than she contributed over the three-year period. She lived to be 100 and collected a total of $22,888.92...

Private saving and investment, 401(k)s and IRAs grow and compound over time.

SS is pure wealth transfer, a financial pyramid scheme.

[PLMerite]

I’m reminded of what someone once said to me about a debt:

“I’d rather owe it to you than screw you out of it.”

[ziravan]

I was recently ran for congress and routinely asked this question and couldn’t find anybody under 40 that thought they’d collect SS.