Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

Social security is a decisive topic but we’ll give you the facts while leaving the politics aside so you can draw your own conclusions. Social security was established by FDR in 1935 as part of The New Deal.  It was intended to alleviate poverty for the elderly, unemployed, and fatherless children.  Workers pay in during their working lives and draw from it once retired, each generation funding the previous one. Since 1983, the cash flow has been positive, more coming in than going out.  By 2021, just seven years from now, it’s forecast to be paying out money faster than it comes in.  Some experts think this is not apocalyptic and the money will be diverted from somewhere else to continue the program.  The surest way for a politician in America not to get elected or re-elected is to try to mess with Social Security so the government will always find a way to fund it. One way to save the program is to privatize it.  It would be less like a tax and more like a 401K.  This way the money could be left to famil