I’m 40 and at no point in my life have I trusted that social security will exist for me or anyone beyond my generation so this is just more reinforcement of that
You’re on your own folks
You’re on your own folks
Wealth is a shared delusion, and laws are mutable and a function of the times and zeitgeist. Keep this in mind.
Your investments? Nay, comrade. OUR investments.
It will exist mostly intact, just not necessarily at 100% benefits:
> If Congress does not act by 2035, the trust fund reserves are projected to be depleted. However, the income from Social Security taxes would cover 83% of scheduled benefits.
[…]
> By the year 2098, when I will be turning 117, they project the tax revenue will cover 73% of the benefits. That’s a long runway to shore things up.
* https://awealthofcommonsense.com/2024/05/is-social-security-...
It was never predicted to go to zero.
For you, it's not looking great. But it has never looked great, and yet it's still (so far) paying full benefits. Don't plan on it, but don't be too surprised if you get something...