Quote:
Originally Posted by Frank Lee
SS for retirement is supposed to be for everybody that paid in. It shouldn't be relied upon as the total provider for retirement income though.
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Yes and no. It's for everyone who hasn't become worm's meat.
The fund is called OASDI for Old Age, Survivors, and Disability Insurance. This used to be a much smaller percentage of the population. As life spans continue to increase, the percentage of people drawing off SS continues to expand and the program was never intended to support that many people.