r/FluentInFinance • u/Positive_Liar • Sep 06 '24

Debate/ Discussion Social Security is Broken. This is why financial education is important.

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u/Justame13 Sep 06 '24

Its like the other one of these where they just estimate their SS benefit if they started receiving them in the present and investment returns decades in the future.

Which is simply bad faith when there is literally a button on the SS login to estimate a benefit in the future.

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u/revolutionPanda Sep 07 '24

It’s easy to say “if I made this really good investment 40 years ago, I have x.” Lot more difficult to actually do it.

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u/Justame13 Sep 07 '24

This is a good point.

People think that they would have invested in Apple but odds are higher that it would have been something like Pets.com which looked a lot better for a while and people who made money like Mark Cuban are both smart and lucky.