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Money printer goes brrrrrrrrrrrr.

That's because they kept raiding the money saved for Social Security and spent it on welfare.

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(((They))) are spending your money on welfare. They spent SS on themselves.

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Shut up boomer, neither worked for their money. Social security is not a savings account, it's a pyramid scheme

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The reason is social security and Medicare are around 40% of the annual budget. The individual tax we pay for both is around 8% total.

The interesting part for me is:

For about half of seniors, [social security] provides at least 50 percent of their income, and for about 1 in 4 seniors, it provides at least 90 percent of income, across multiple surveys and the study that matches survey and administrative data.