[Reynoldo]

“ If they did not have their own savings to fund a retirement to supplement their meager Social Security income, they are absolutely screwed.

Social Security was never intended to be a pension or to completely support the worker comfortably.
It was to be a safety net to keep people from complete destitution.

[SamAdams76]

Very true but the original FICA tax rate was one percent! With no employer match.

My point is that that tax is now 16.3% of income including the employer match.

That’s outrageous. Individuals can do much better for themselves if they could invest some of that income.