WinterBorn
Diamond Member
SSI has been a Ponzi scheme since its inception. It’s not your money. Your money was spent faster than they could collect it. There was no investment for your money. It’s gone. You only paid for the people on welfare, sorry, SS at the moment it was taken from you. What they desperately need is more suckers to send their money to pay you because all of your money is gone. It was never invested. There was no investment that would pay off later. It’s just you paying for the current people and in the end you may get a pathetically low return. Less than any other investment would provide.
Where else could you spend your entire life investing not only 6.4% of your income but an additional 6.4% from your employer they weren’t allowed to pay you. And somehow that 12.8% investment over your entire life is only paying out 1200 bucks a month.
Your retirement age keeps moving, the money you get is a pittance.
Can you explain how this was a good investment?
It was a terrible investment. What was taken is never repaid.