In this weeks episode of The Wealth Standard, Patrick and co-host Chunga discuss some newly released information concerning Social Security.
Many are now claiming that America’s Social Security program will most likely required a goverment bail out that’s 60x greater than the 2008 emergency bank bail out! Social Security was never meant to support people for as long as it currently does. Americans are living much longer than they were a few decades ago. Medical experts, are now saying that “70 is the new 50” and “50 is the new 30”. To make matters worse, women are having fewer children! Meaning? Fewer people are paying into Social Security while more and more people are relying on it!
How can this problem get fixed? Can it be fixed to begin with? If not, how much longer can we go before a catasrophic failure of our Social Security structure? Listen now to get Patrick and Chunga’s analysis!
Here’s an article from Simon Black that you may want to check out:
Tune in to our weekly shows on YouTube and Tunein! We also love to receive your feedback, thoughts, and comments on Twitter,Facebook, and the iTunes store. Or, you can email us at firstname.lastname@example.org