When Social Security began in 1935, the retirement age was 65, but life expectancy was just 62. Today, with a retirement age of 67 and life expectancy at 76, people draw benefits much longer, while fewer workers contribute. This gap is increasingly filled with #government #debt, which is inflationary and devalues the currency. Gen Y and Gen Z: you are right to be fearful of this 1-2 punch of growing debt and weakening Social Security : it directly threatens the ability to obtain meaningful support for your retirement.  #Bitcoin cannot be your backup plan, it needs to be your primary plan.
#government #debt