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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (76673)	7/21/2011 4:27:42 AM
From: elmatador	3 Recommendations Read Replies (2) \| Respond to of 217739

I contributed for 22 years to social security. Dropped out in 1993. That money I was paying was not being kept and invested waiting for me to retire. As soon as me and my employers deposited into the social security it was spent immediately to pay for people who were already retired. That is the mistake in the calculation: thinking that what one and his employer deposit is there, plus earned interest- for the person when he retires. That is not the way it works. It is only like that: you pay now and expect a young person to be paying for you when you retire. Since there are not enough young people entering the workforce, the salaries the ones who will enter will be much less henceforth due to competition from emerging markets, the youth entering the work force is not as hard working as the previous workforce now retiring, it is plain to see that people retiring now have been screwed. retirement must be seen for what it is: a scam.