The people who tell you that #SocialSecurity is about to run out of money are either lying or ignorant. The Social Security Trust Fund is a supplemental source of benefits. Social Security payments are funded directly by FICA taxes. Any surplus collections have been deposited into the Trust Fund. When the Trust Fund runs out of money in a little over 7 years, all Social Security payments will be reduced by (currently an estimated) 23% but they will continue (unless the system is ended by Congress).
Too many politicians in Congress are waiting for the Trust Fund to run out so that they can privatize Social Security (enriching yet more billionaires at workers' expense). You don't want privatized Social Security. You want Congress to end the cap on taxable income. You want Congress to keep the mandatory retirement age schedule as it is. You want (newly hired) state and local employees to be enrolled in the Social Security system. You want a 0.5%-1.0% increase in the FICA tax. You want initial benefits to be based on prices, not wages. You want high earners' initial benefits to be reduced.
Every year that Congress waits to address the shrinking Trust Fund makes it more expensive to fix the problem. But that doesn't mean there won't be a Social Security system if they do nothing. And if they insist on waiting another 10 years or 20 years, voters can still compel Congress to do SOMETHING to rebuild the Trust Fund in the future.
The important thing for YOUNG WORKERS to do NOW is tell their representatives and senators to take action NOW. Make it a political priority for any politician who wants to be re-elected to office (regardless of party affiliation) to take action to rebuild the Trust Fund and to AVOID privatizing Social Security. If they privatize it, that will just mean more working Americans' money will be transferred to a few hundred wealthy families that don't need more money.
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