How would things be different if Social Security was never invented?

Question

I don't have a good understanding of what it does or how it works. Can someone explain that to me, too. Thanks.

Answer 1

See the citizens of Galveston Texas who opted out of SSN while they could. They make about 10,000 per month on their retirement that they invested with a private entity.

Answer 2

We'd all be wealthier. What most of the people on this site fail to understand is that SS was never meant to be the primary income of retirement, but a safety net for those who couldn't or didn't save. In fact, when it was started. They looked at the average life span of an American and added a year. So you would die before you could collect. That is a hard cold fact my liberal friends.

Answer 3

The number of old people living in shanty towns and eating out of dumpsters would vary more and always be much higher.

Answer 4

Here is a place you can go and get info with a lot of links.

Answer 5

Judging by the Republicans` frequent attempts to destroy it I would say it is doing a lot of good.

Answer 6

How would things be different?  Your grandparents would be living with you.  Your parents would be living with you later in life.  Your children would all be working when they are old enough to keep the household running.  That's pretty much the way it used to be before social security.

Answer 7

We would all have what we work for and we would have learned how to save more than we do.