Understanding Social Security: Ponzi Scheme or Not?

What sparked the debate about Social Security being a Ponzi scheme?

• A new documentary

• A financial crisis

• Elon Musk's comments

• A new government policy

How does Social Security primarily fund its benefits?

• Using current workers' payroll taxes

• From international loans

• By printing more money

• Through private investments

What is a key difference between Social Security and a Ponzi scheme?

• Social Security promises unrealistic returns

• Social Security is transparent

• Social Security collapses frequently

• Social Security is secretive

What is one of the main challenges facing Social Security?

• Increasing birth rates

• Decreasing life expectancy

• Longer life spans and lower birth rates

• Excessive government funding

What is a proposed solution to make Social Security more sustainable?

• Increasing benefits for all

• Raising the income cap for payroll taxes

• Eliminating payroll taxes

• Reducing retirement age