That's not quite how it works.'
Those who are contributing now are supplying the cash to pay those who are on social security now.
Your money is not being saved for your retirement. The younger generation will pay for your
retirement. If your group out numbers the younger people, your social security cheque will likely be
smaller or non-existent. Don't you love socialism? And remember Clinton? Didn't he balance the books
or something by using the social security money? The system is somewhat the same here in Canada too.
Advice - Pay yourself first and save the money for your retirement.
>
http://apnews.myway.com/article/20080728/D926O27G0.html>
>What concerns me is the purpose of the social security tax. Won't this be Americans forced to pay for their retirement but will never receive a dime from it?
I ain't skeert of nuttin eh?
Yikes! What was that?