Everyone who already knows this has an alternate retirement “plan”.
You’re probably right... Any thoughts for the tens of millions of Gen-X and Gen-Y adults who will face tax-rate rises of 10-20-30% in order to pay the Social Security benefits for us Baby Boomers? Hopefully, they are saving as much as they can for their own “alternate” plans, but the Social Security System they will inherit will probably have negative returns for the 13-15-20% of their income that will get siphoned off from their wages and the contributions of their employers. Not a very good deal, eh?