Why Young Americans Shouldn’t Count on Social Security

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The Social Security Administration proudly boasts that Ida May Fuller was the first American to receive benefits from this program. During Ms. Fuller’s working lifetime, she contributed a total of $24.75 into the program. She would go on to live another 35 years and collected $22,888.92. That’s a return of more than 924 times.

Gen Z and millennials face a much different scenario.

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