→ Paying for the Sins of Our Fathers

Thomas Sowell with a sobering reminder:

It is today’s young people who are going to be left holding the bag when they reach retirement age and discover that all the money they paid in is long gone. It is today’s young people who are going to be dumped over a cliff when they reach retirement age if nothing is done to reform entitlements.

I have always operated under the idea that I will get nothing from Social Security by the time I get to retirement age. The way things are going, that is almost guaranteed to be true.