So my fiancee got a letter from Social Security yesterday. It was basically a flyer saying how awesome SS is. Here is a quote:
So why would anyone want to pay into this?Will SS still be around when I retire?
Yes......
The SS board of trustees now estimates that based on current law, in 2041, the trust funds will be depleted......
Therefore, the taxes that are paid by workers will not be enough to pay the full benefit amounts scheduled.......
However, this does not mean that SS benefit payments will disappear. ...
enough funds in 2041 from taxes paid by workers to pay about $780 for every $1,000 in benefits scheduled.
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