Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
“…expected cuts to Social Security benefits materialize…”
Um, how about no? What if, instead, we taxed the billionaires, or simply raid their offshore accounts, to fund the program? If corporate media didn’t removed about it on their behalf, would they even notice?
Maybe we don’t put a cap on how much people put into social security each year so that it isn’t impacted as much by income inequality.
It wouldn’t solve the inequality, but it would reduce the impact on social security.
This is a very reasonable approach. Would be great if we could lift the estate tax cap while we’re at it, 11mil is a joke!