Baby boomers are collecting 265% of what they paid into Social Security—and millennials are paying the price
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I’m 43 years old, and like other members of my millennial generation, I’m not sure I’ll ever get Social Security benefits. It’s not top of mind for me right now, other than my role as a financial journalist, but the trust fund is due to run out in 2032, and the automatic 22% cut that follows won’t distinguish between who has been paying in and who has been drawing down.
But Social Security is perhaps the most vivid example of a pattern you see everywhere across t
But Social Security is perhaps the most vivid example of a pattern you see everywhere across t
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