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It's not only social security though. Broadly, wages are too low relative to living expenses, so people can't save on their own. There's probably an argument
by nerdponx 2y ago
It's not only social security though.
Broadly, wages are too low relative to living expenses, so people can't save on their own.
There's probably an argument that social security actually subsidizes low wages, as is often made with Medicaid. That isn't to say that we shouldn't have social security -- it's that it should be funded by corporate profits, shareholder returns, and executive pay.
- mistrial9 2y agoin the USA, most expenses related to raising a family got increasingly expensive, probably because aggressive business models saw that those are "essential" so people will have to pay. That is the logic that got us to plus-fifty percent of household income going to rent and food here in California. The investors in rental units are making a fortune. It is uncontrolled predatory capitalism playing out.