I think it's a pretty bad backup. It cost me 7.5% of my income for my entire working life and when I die I don't have anything to pass onto my children. If I

I think it's a pretty bad backup. It cost me 7.5% of my income for my entire working life and when I die I don't have anything to pass onto my children. If I die before retirement age I get negative 100% return on investment. Let's not forget that the poor and minorities tend to have hard labor jobs so they die early, before they get a decent return. This program has really harmed the ability of the poor to create and pass on generational wealth because it redistributes their wealth to wealthier demographics who live longer lifetimes in retirement.