Record number of Americans are leaving the country and renouncing citizenship: report
www.independent.co.uk
In the aggregate, as many as 295,000 more people may have left the U.S. than immigrated there in 2025, according to one study
  • Avocadotoast@thelemmy.clubEnglish
    3·
    6 days ago

    It’s math. Each new generation funds the previous one. If people are living longer and the birthrates are declining there wont be enough funds to replenish whats being taken out.

    If we end up getting SS then great, but expecting it is not smart financial planning

    • favoredponcho@lemmy.zipEnglish
      2·
      5 days ago

      From the above link:

      Myth 1: Social Security is ‘going broke’

      The media response to the latest Social Security Trustees report is a perfect example of the potency of this myth. Headlines trumpeted that “Social Security is running out of money.” In truth, the reserves in the Social Security trust fund are projected to become depleted in 2035 if Congress takes no action to prevent it, in which case the program still could pay 83% of scheduled benefits.

      Social Security itself is not ‘going broke’ or ‘bankrupt.’ The program receives most of its revenue from workers’ payroll contributions — and will continue to do so in 2035 and beyond. The only way Social Security would ‘go broke’ is if we had 100% unemployment and no one was paying into the system. Of course, that has never happened in the program’s 89-year history — and never will.