the most important point is missed. if FDR had began this as private savings account, owned solely by the savers and if not used in their life passed on to their heirs, most Americans that worked all their lives would today be millionaires.
your ssi benefits will all be paid in full, unfortunately, they will be paid with dollars that will not buy much.
which is why at 47, a short 4 years ago, being self employed all my life, i sold everything, invested, and left the USA. as an expat, i pay no state tax,all my cap gains are taxed at a low rate. so my net income barely changes by not working because self employed people pay the most of everyone. it is an amazing relief. if some fool wants to raise cap gains rates, i will renounce my citizenship. The usa, land of liberty is long ago gone. i only miss costco and the Oregon Ducks, the rest you can have. time for the Atlases of the USA to shrug, and bail.
