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An extended model of this video is on our channel and helps clarify a few of the fundamentals round how Social Safety within the US is funded, why everybody retains saying it’s “working out,” and a few of the methods we’re seeking to “save” it.
There’s no denying that People rely closely on Social Safety advantages. Estimates from the Social Safety Administration discovered that 97% of adults over the age of 60 are both gathering or will begin gathering Social Safety. As of February 2023, about one in each 5 residents within the US collected advantages from these funds. For such a extensively used program, it’s a bit stunning that folks within the US know so little about the way it works. To be truthful, many of the information round this program over the previous decade has been about the way it’s doomed in a technique or one other. Millennials and youthful might even see the cash being taxed from their paychecks and imagine they’ll in all probability by no means see it once more, however is this system actually destined to fail? And what can we stand to lose if it does? Take a look at the video above to get probably the most primary details about Social Safety in the USA and what to anticipate within the coming years.
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