Is this what we work up into and past our 60's for? 40%? Why isn't 100% available if me and my employer(s) are contributing to this, who gets the other 60%?
Have you ever wondered about this? Did you even know this? Are you still telling your children they "need to be an employee on a job instead of the Boss of the Company?
Change Your Mind! Its 2018... Not 1918.
All the people on sis did who didn't pay get it. A lot of people die before they get any. System so flawed. Don't get sick or quit. They take ONLY the 15 years back on the day you chose to retire. I had cancer twice in my 50s and it ruined me at 66. When I only got paid 8 yrs out A over 35 years worked. Got half what I should have. Not in any way fair
It's going to pay illegals who can't speak English. They are getting social security benefits for the disability of not being able to communicate because they don't speak English. That is honestly where it's going and why you and every other senior citizen does not get the amount that they should from social security they give it away to imagrants. That's a fact.
It probably goes to taxes, if anything. It's important to teach children to have multiple sources of income, so they are not dependent of just one.