There goes an old joke about the three biggest lies ever told. The first can’t be repeated in a family publication. The second: “The check is in the mail.” The third: “I’m from the government, and I’m here to help.”
To this, I think we should add a fourth: “You paid into Social Security all your life. That money is yours.”
Theoretically, of course, that would be nice, which is why it’s been sold to you that way. Politicians will occasionally admit that this isn’t the case — remember Al Gore’s famous “lockbox?” — but by and large the federal government pretends they’re just keeping your money under their mattress for you because, you know, reasons. Can’t be too safe!
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Well apparently, someone’s been raiding that mattress, because a June 2025 trustees report indicated that benefits will start sharply decreasing in 2033, according to CNBC.
That’s because how the program actually
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