As I’ve said previously: the federal government can’t do something simple as take my money and put it away for retirement, how are they going to manage a system like healthcare.
BTW, if the government had invested all the money they took from me for Social Security and invested it in a conservative mutual fund, I would be a millionaire by now. Truly. And my earning was modest as a junior officer.
The Trump administration released an annual report by the Trustees of the Social Security and Medicare on Monday. According to claims within the report, the Social Security retirement program will be unable to pay full benefits by the year 2035.
The report is being seen as a call to action. Without reforms, payments to the tens of millions of beneficiaries could be cut by 25-percent in order to keep the program afloat.
The U.S. currently has three trillion dollars in reserves, however, the government may have to tap into those funds as early as next year.
https://www.oann.com/social-security-will-be-unable-to-pay-full-benefits-to-beneficiaries-by-2035/