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Don't get mislead by the negative and false propaganda uttered by politicians and the media around Social Security. The program has a cumulative surplus of $2.9T and is fully funded until 2035 and 93% funded for the next 25 years. Yes, there is a funding issue but a passage of
The Social Security 2100 Act will put Social Security back into balance over the next 75 years. The cost? Raising payroll taxes by one-tenth of 1% per year and adding new payroll taxes to wages over $400K plus. As @peter_arno stated, "Social Security is the most successful
anti-poverty policy in the history of the United States. And this is not true just for seniors, but across the entire life cycle and the entire population. It reduces more poverty for children than any other policy, more poverty for working adults and more poverty for seniors.
So it's an intergenerational antipoverty program." #SocialSecurity #financialeducation #FinancialFreedom
