Young, Black, Hispanic Americans Would Opt Out of Social Security Even If It Weren’t Broken
I pull the following directly from the summary of the 2024 annual reports of the Social Security and Medicare Boards of Trustees: The Old-Age and Survivors Insurance (OASI) Trust Fund (that is, Social Security) will be able to pay 100% of total scheduled benefits until 2033, unchanged from last year’s report. At that time, the fund’s reserves will become depleted and continuing program income will be sufficient to pay 79% of scheduled benefits. Our Social Security system is broke. Now, if you own stock in a company, and you read…
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