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I’ll read that article later, but that doesn’t sound right — there can’t be so many multi-millionaires that them getting free money is stressing out the system.
by setr 5mo ago
I’ll read that article later, but that doesn’t sound right — there can’t be so many multi-millionaires that them getting free money is stressing out the system.
Quick random googling, I’m seeing the number 3.2% of retirees have more than $1m
https://www.investopedia.com/how-many-people-really-achieve-usd1-million-in-retirement-savings-11947173 https://www.investopedia.com/how-many-people-really-achieve-...
And I can’t imagine social security would become suddenly profitable by a <3% population delta
- MyHonestOpinon 5mo agoFurthermore, multi-millionares have at least 2 million so they are significantly less than 3%.