It’s not savings of any sort. The remainder of your savings goes to your heirs when you die. If you don’t have a spouse, or minor children or disabled adult children, and you die before collecting all of your contributions, you and your estate forfeit 100% of the remainder.
Comment on Social Security can be saved. Scrap the cap!
ThatGuy46475@lemmy.world 1 month ago
Social Security is forced retirement savings. There’s a cap on what you pay in because there’s a cap on what you pay out.
Rivalarrival@lemmy.today 1 month ago
atomicbocks@sh.itjust.works 1 month ago
There is a cap because republicans want to kill social security. It’s the same bullshit they are doing to the postal service.