LogFAQs > #967392706

Let's start here, when SS was first introduced, the very first recipients had never paid into the system back then. SS starting out was an attempt to solve the long range problem of economic security for elderly people who were either too old or too sick to work.

As it stands now most Americans closing in on retirement age do not have enough money stashed away in any sort of retirement fund and as we've seen we have people 65 and over who still have to work to make ends meet as costs rise for the elderly in terms of medical bills, prescription drugs etc so America still hasn't solved the issue of economic security for elderly people and only a handful of people will ever be able to put enough into any type of retirement account and most will fall short.