Comment on US Question. Will the people that have to wait until 70 to get Social Security ever get what they paid in to it back out before they die since men's life expectancy is only 77 now?

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corgi@lemmy.world ⁨1⁩ ⁨year⁩ ago

They don’t expect to go bankrupt by 2033. That’s when the surplus/reserves will run out. The system doesn’t have the fixed amount of money. Current employees are constantly paying into it.

20% is the shortfall between payout vs people paying in. And it will only happen if it’s not addressed. Which I’m sure will get addressed last minute or something like that.

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