The debate between young generations and older generations over Social Security needs to be defined by the fact that the government screwed everyone, all generations, by creating a poor system with low return to begin with and then making decisions that lead it to bankruptcy.
We are taxed 6.2% our entire working lives for SS, with your employer matching it, and 12.4% of you are self employed.
And the payout is pitiful and the entire system will be bankrupt in 2032!
Every Member of Congress and Senator knows that there are much better ways because they all benefit from a TSP account with massive ROIs leading to potential millions of dollars in their accounts, if they invest, after years of holding public office.
No this is not the federal pension.
This is the federal Thrift Savings Plan for all federal employees and military service members.
If every American had a TSP account, they would be far better off!
It takes 218 Members of Congress to pass anything on the House floor, one alone can’t do anything.
Imagine if at least 218 Congressmen decided to fix SS and give the American people the same TSP accounts and pension federal workers receive.
Now ask yourself why they don’t.
Being mad at each other is aiming your anger and frustration in the wrong direction.
Everyone should unite and aim your anger and frustrations at the very people responsible, the ones you elect, and hold them accountable.