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RE: Money | Memoir Monday (Week 22)

in Silver Bloggers4 months ago

Yes, it is very unfortunate that due to a bad administration of the states it is not possible to have a pension to cover the expenses in this stage of the golden years.

I thought that in the USA things were different, that they were more protected. The truth is that there are many traps everywhere, there is no security in the stock market or in banking. It seems that the least risky thing to do is to have some property that you can rent when you are older.

Thanks for stopping by and commenting, dear @ericvancewalton . A big hug from Maracay.

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I'm sorry to hear that! Yes, decades ago the US government began "borrowing" from the Social Security fund and now every new dollar paid into the program is used to pay outgoing benefits for current retirees. The program is due to be completely insolvent by 2030, or possibly sooner. Some politicians are actively trying to dismantle the system before it goes insolvent. Thank goodness for crypto! Thank you my friend. Have a wonderful evening.