Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
It’s literally a Ponzi scheme that the government just declared it to not be one. It must either explode or have ever growing generations funding it.
Wealth redistribution isn’t a ponzi scheme. Even if we do nothing to “fix” social security it will keep writing checks.