Will Social Security still be around when I retire?

[merig00]

That is not a title of some pundit article, but actually section of the annual letter from Social Security that I just received.

The letter, in black on green tells me that I should trust Social Security because

"Board of Trustees now estimates that based on current laws, in 2037, the Trust Funds will be depleted." and "...there would still be enough funds in 2037 from taxes paid by workers to pay about $760 for every $1,000 in benefits scheduled"



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If laws are not changed, I will be eligible for the Social Security benefits in 2052. By their own estimate, by 2037 they will be already paying 76 cents on a dollar. Why would I want to invest into a fund like that? If this was a private pension fund that promised you such returns, would you invest with it?

Comments

[stas]

Social Security - не инвестиция и не страховка, было дело в Верховном Суде по этому поводу. Это welfare benefit. Соответственно, его размер зависит исключительно от доброты Конгресса. Так что советую относиться к нему как к остальным налоговым деньгам - за счастье, если хоть коейку обратно получите.