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re: The payroll income cap increases every year. Why is SS going broke?

Posted on 4/3/24 at 2:06 pm to
Posted by WildTchoupitoulas
Member since Jan 2010
44071 posts
Posted on 4/3/24 at 2:06 pm to
quote:

So I pay but get nothing. Awesome.

Unless something happens and you need it, just like any other insurance.

Spoiler: You're not getting all of your homeowner's insurance premiums back either.
Posted by armtackledawg
Member since Aug 2017
11981 posts
Posted on 4/3/24 at 2:10 pm to
quote:

Unless something happens and you need it, just like any other insurance.

Spoiler: You're not getting all of your homeowner's insurance premiums back either.


SS is not an insurance program.
Posted by TigerSprings
Southeast LA
Member since Jan 2019
1588 posts
Posted on 4/3/24 at 2:21 pm to
quote:

just like any other insurance.


Not Whole Life Insurance, which SS is more like than Term..
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