The problem with the US SS system is not the scale of contributions. With mandatory employee and employer contributions, it is funded to the tune of 12.4%
The problem is that the US SS fund is limited to holding solely US federal government paper, which has a far lower average rate of return than any sensible investor would get.
The problem is that the US SS fund is limited to holding solely US federal government paper, which has a far lower average rate of return than any sensible investor would get.
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