For years, politicians have promised to “protect America’s seniors,” but young Americans are now realizing those promises come at a steep cost — one that was never fully explained to them.
A new bombshell report from the Cato Institute has uncovered the devastating truth: saving Social Security may require stripping younger workers of massive amounts of their earnings over the course of their careers.
Romina Boccia, the Cato Institute’s director of budget and entitlement policy, ran the numbers — and her findings have young workers furious.
According to her analysis, if Congress chooses to raise payroll taxes to keep Social Security afloat, a typical new worker starting in 2025 could lose more than $110,000 in lifetime earnings over a 45-year career.
That means the average worker could be forced to give up the equivalent of nearly two years of pay just to prop up a failing government program.
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