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Personal Savings Account

Social Security Was Never Your Personal Savings Account For Retirement- Unveiling The Misconceptions And Realities

February 25, 2025 by Alexy
Social Security Was Never Your Personal Savings Account For Retirement- Unveiling The Misconceptions And Realities

Social Security has long been misinterpreted as a personal savings account dedicated to retirement. However, the program functions as a social insurance system designed to provide economic security for retirees, the disabled, and surviving family members. This article dissects the history, funding mechanisms, and the challenges currently facing Social Security, clarifying why it should not … Read more

Categories Latest News, Personal Finance, Social Security, Trump Transition Tags Disability Insurance, Misconceptions And Realities, Personal Savings Account, Retirement, Social Security, USA Leave a comment

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