Quote:
Originally posted by Moneyguy1
It is perhaps too late now, but had the obligations been funded as they occured, the problem of too many retirees and too few workiers just might have been avoided through the magic of compound interest.
The same problem faces those planning for retirement in the future. Starting late and underfunding will result in a world of hurt.
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There was never an incentive for government to do that because the Social Security payments the government took from everyone was a tax, and was never a "contribution" to a retirement account.