yeah i heard this but i heard it was going to be in 2025.

If a private pension fund was run like the government runs Social Security, the fund manager would be charged with fraud because it is (essentially) a gigantic ponzy scheme ...

The problem with Social Security is not that it was a bad idea, the problem was that it was poorly thought out, horribly executed and no one took advantage of the knowledge available in how to implement it; in other words it was a government program.

If the government wasn't run by morons, they could put aside $50,000 into a person's "pension" on the day they we born, and if they earned a very modest 4% return above inflation they would be able to pull $1,500 (adjusted for inflation) every month from the time they were 65 without impacting the $600,000 principle of their pension (no matter how long they lived). Over time this residual principle would build up, and every generation would have a better pension than the last ... but no, we have a system where you rob a generation to pay for the last.

Greed is rising... RISING I TELLS YA