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Good luck!
(fedia.io)
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this post was submitted on 14 Mar 2024
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Someone explain to me why we can't laminate it.
The intent is for it to completely disintegrate by the time you need to claim benefits and can’t remember your SSN.
j/k, the completely disintegrating part is true, the last part is that there won’t be any SSN benefits by the time Gen Y and later gets around to retiring.
The whole design of the SS system is that current workers pay benefits for current retirees. The trust fund was created later in preparation for retiring boomers.
At worst, it goes back to the original system and benefits get reduced to match what workers are putting in. That might be as high as a worst case 20% reduction, but it's not going to go away entirely. As others have mentioned, even that is completely avoidable.