Reply to Thread

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

Message: <blockquote data-quote="n2sooners" data-source="post: 2083821" data-attributes="member: 26539"><p>It was fine because there were more workers per retiree. Even if it weren't hijacked by the government it would still be going broke because the retirement age is remaining the same while the lifespan increases leaving fewer and fewer workers to support each retiree. It was doomed from the day it started because each person didn't have their own retirement account with money that was their own. Right off the bat the money people were paying in was used to pay those who never paid into the system. It was nothing more than a pyramid scheme from the get go. Politicians did make it worse, but either way it would eventually go belly up.</p></blockquote><p></p>