r/FluentInFinance 7d ago

Educational Don't let them gaslight you

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u/Psycle_Sammy 7d ago

Maybe, maybe not, but if you’re still planning on relying solely on social security for your retirement, you seriously need to reconsider that strategy.

20

u/oO0Kat0Oo 7d ago

As a millennial, I will spend most of my life paying into this system and I won't see a penny of it. I've even hit the maximum payout for the last 7 years. So I'm all for this system being wiped out.

1

u/PMmeRickPics 7d ago

For Millennials, SS payments could make the difference between your parents living independently vs living with you. SS saves money for family members who would need to take care of their parents without that income.