Inflation is a natural process. That’s why SS and Medicare is needed. Retirees normally live on a fixed income. Many don’t even have pensions anymore. Even if they managed to save over their lifetime, it may not be enough for many of the elderly going forward. And investing in the stock market is a risk that older people may not be able to recover from if things go south. So SS is a good thing. It’s a type of insurance that a humane society needs.
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