Source: Independent Institute
by Scott Beyer
“Social Security (SS) was created in 1935 with noble intentions. The idea was that current working Americans would pay into a shared public fund, providing income for retirees who could no longer earn a paycheck, while collecting their own retirement in the future from the next generation. It was meant to be a safety net — a collective insurance policy that ensured no elderly person would be left destitute. Politicians such as Franklin Roosevelt sold it as a stabilizing force befitting of a moral society. … But the SS system has quietly made Americans poorer. By removing trillions of dollars from private investment and placing them in the hands of a slow, bureaucratic system that earns virtually no return, the program has robbed the average worker of what could have been generational wealth.” (10/24/25)
https://www.independent.org/article/2025/10/24/how-social-security-makes-us-poorer/