The 8 Most Common Money-Saving Moves Americans Plan to Do If Social Security Runs Out
Briefly

from 24/7 Wall St.4 months ago
Social Security has been likened to a Ponzi scheme as it uses current taxes from workers to pay benefits to retirees, raising concerns about its sustainability.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/18/the-8-most-common-money-saving-moves-americans-plan-to-do-if-social-security-runs-out/
The program demonstrates a growing disparity in the worker-to-retiree ratio; it started with 42 workers per retiree, but has since shrunk to just 3-to-1.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/18/the-8-most-common-money-saving-moves-americans-plan-to-do-if-social-security-runs-out/
Eighty to ninety percent of Americans rely on Social Security for at least a portion of their retirement income, heightening the fear about its future viability.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/18/the-8-most-common-money-saving-moves-americans-plan-to-do-if-social-security-runs-out/
A recent survey reveals that nearly three-quarters of Americans believe Social Security will exhaust its funding during their lifetime, indicating widespread concern across generations.
24/7 Wall St.https://247wallst.com/personal-finance/2024/10/18/the-8-most-common-money-saving-moves-americans-plan-to-do-if-social-security-runs-out/
Read at 24/7 Wall St.
#social-security #ponzi-scheme #retirement #sustainability #demographics
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