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Hahaha * laughs in 47% in Spain and unsustainable pensions *
Lol @ ignorant yanks.
Yet Americans do nothing about it
Yes, but how much will those 16,600 be worth in 50 years? Its probably worse than what social security will be.
This is such a stupid take. First of all, social security is not taxed at the same rate as your income, meaning you’re paying less tax than if you were to spend that same money into stocks. Secondly, social security is backed by the US Fedral government. Thirdly, many people can access social security even if they didn’t contribute their income to. Fourthly, and most importantly, people simply would not put their money into investments if they aren’t forced to. Social security ensures even if a worker doesn’t want to invest into their future they are forced to, to help alleviate the burden of supporting retirees.
Not to mention so many other issues such as stock markets being volatile. People lost most of their savings and investments in the 2008 housing crisis, imagine a stock market crash right before someone’s retirement.
Lol at Americans thinking 12 percent is a lot. It's cute how closeted Americans are.
But most people would spend that 12.4% every month and have nothing, like children they need to be told what to do
We been saying it’s a scam for decades, yet it’s still here.
Yeah grandma does not need to eat
We know its a scam they know its a scam but shut it down now and millions of us will get screwed out of decades of contributions. I say refund us first and then shut it down.
Just stop the printing press at the federal reserve will save not just America but the whole world.
For the average American buying into stocks has only become truly affordable on an entry level in the past 15 years. Prior to now you would have had to go through a brokerage house that would have charged fees that would not have made sense for investing small amounts at a time.
The average American wouldnt invest a single penny in the S&P 500 and seniors would regularly starve to death in America. On top of that, if the average American invested in the S&P 500, the S&P 500 would be worthless.
"let me explain" is so worn out