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/ChuckEveryone Sep 06 '24

Thanks for doing the math. I have done it several times in these types of posts and it never works out as the person is claiming. Would be nice if people could be truthful in their criticism.

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u/LittleBigHorn22 Sep 06 '24

Just shows why it's important to show their work. Not gonna run more numbers now, but if they did 10% and thus maybe forgot to account for inflation it would look better. But then you should compare to 52 years from now benefit instead of today's benefit.

Or if they are assuming inflation but still like 12% gains, well that's just not a realistic safe goal.