Well I am 42 and already worked 24 years so I believe for me to start in the stock market with the SS money is too late. They should start with the first 18 year old of 2012. That is how most things work. You are grandfathered. The other thing is my investments about four years ago were around 325,000 and now they are 280,000. Just our luck that the day I want to retire, the SS account will fall due to the stock market. Nobody thinks about that.
Will that 18 year old still have to pay FICA taxes even though he’ll never receive any benefits? If not, where will the money come from to pay the people who do get benefits?
Social Security has become a game of generational musical chairs, and someone is going to get screwed.