Medicare and Social Security go-broke dates are pushed back in a 'measure of good news'
apnews.com
The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates.

The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday.

Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans.

  • aesthelete@lemmy.world
    71·
    5 months ago

    You’re simply describing the skewed tax burden placed upon the middle and lower classes. Rich people should be paying more. Social security isn’t an investment fund and shouldn’t be an investment fund.

    • Sludgeyy@lemmy.world
      12·
      5 months ago

      We administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare.

      Social Security provides retirement income for almost every American worker.

      Ssa.gov

      An investment fund is a supply of capital belonging to numerous investors, used to collectively purchase securities, while each investor retains ownership and control of their own shares.

      Investopedia.com

      The only thing not making it an investment fund is that the government forcefully takes the money and you don’t own the money after it is taken.

      The average person gets the majority of their retirement income from SS.

      Ask the average person what SS is. They will say that it is a retirement fund. What is a retirement fund? An investment fund.

      Social insurance, as conceived by President Roosevelt, would address the permanent problem of economic security for the elderly by creating a work-related, contributory system in which workers would provide for their own future economic security through taxes paid while employed.

      Ssa.gov

      • aesthelete@lemmy.world
        1·
        5 months ago

        Ask the average person what SS is. They will say that it is a retirement fund. What is a retirement fund? An investment fund.

        Sorry but asking random people what something is might make for funny late night TV but it’s not how you define things.