August 6, 2012

NO. NEXT QUESTION? Is Social Security Still A Good Deal For Workers? “People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It’s a historic shift that will only get worse for future retirees, according to an analysis by The Associated Press.”

This is what happens when a pyramid scheme breaks down. At the top of the pyramid, it’s a good deal. At the bottom, not so much.

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