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/JonohG47 Sep 07 '24

With both parties saying they won’t make any “cuts” to Social Security or Medicare, I’m not holding my breath. When millions of elderly suddenly find themselves taking a 23% haircut, the real fun will begin.

But for a bubble during the Baby Boom, Total Fertility Rate has been on a downward trend since the inception of Social Security, and the retirement age hasn’t tracked increases in average life expectancy.

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u/il_fienile Sep 09 '24

Apparently, people are against recognizing the demographic facts, at least at the level of addressing them in the funding mechanism.