Is it thue our SSS cant hold up to its obligation by 2030?
Answer:
Actually it is a little more complicated than that. You see the government has been raiding the SS system for years to spend the money on other things and they replaced the money with a bunch of IOU's. Cute. So basically the government stole the money out of the social security system to piss it away on their other boon doggles.
It all depends on how many children people have that grow up and get jobs.
There is no account with all the SS money in it, they are paying the payments to todays recipients out of the contributions of todays workers. The great fear is that the number of contributors will decline just as the number of claimants increases radically with the retiring of the Boomers.
If you are under 40, just pretend SS isn't going to be there, and invest 20% of every paycheck in a broad market fund. That way, if SS collapses you'll be fine, if it doesn't you'll get a nice surprise. If the market collapses, $1M in cash or gold will be worthless anyway, the world will come to a grinding halt.
If you are over 40, pray.
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