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As of April 18, the agency estimates that it has saved $155 billion in total.
Meanwhile, the $4,000 payment goes to a retiree who has opted to collect their Social Security paychecks.
What Is a Ponzi Scheme?
A Ponzi scheme is atype of investment fraud.
While neither of these outcomes seems ideal for consumers, action can be taken.
A Ponzi scheme has no such options, nor would it use them if it could.
After all, the point of a Ponzi scheme isnt the payouts its enriching those who started it.
The 2020 Census indicated that the country had a population of 331 million people.
Those two scenarios would likelymake the cost of living more expensive, which can drag fertility rates even lower.
However, other countries are also facing long-term sustainability issues with their retirement programs.
Is Elon Musk right to call Social Security a Ponzi scheme?
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