US Social Security is becoming Worthless Day by Day…!!!

US Social Security is becoming worthless day by day…!!!

The Expenses of the people rise even if Social Security Doesn’t – Wall Street Journal said in its article.

The people in the United States above the age of 65 years are mainly depending on their social security for their retirement. But well, the cost of living is increasing year after year because of the higher inflation in the United States and that’s why the retirement is becoming a dream for many people in their 50s.

Almost 90% of the people in their pre-retirement age group are fearing of running out of money during the time of their retirements.

This is because the cost of basic living is rising day by day and very soon for most of the people it will become next to impossible to retire on the social security schemes.

If you don’t want to become a victim of such kind of situation than don’t depend on your social security and 401(k) plan for your retirement. Rather than that build your own retirement corpus by yourself.

I personally advise young generations to start their own business as early as possible. This is because the business can give you financial stability after your retirement and also to your future generations.

I have seen lots of business owners who had worked very hard during their young life to build their own successful business and today their children are financially free than those who own a job.

Owning a job is the most stupid thing anyone can do. Never depend on your job. Rather than that depending on your business and investments for your financial future is much safer and secure than depending on the job income.

If you are in your pre-retirement age than also you can start your own business from your hard earned savings rather than putting that savings into the retirement funds.

Well, start your own business and hire people under your business to run it. Use other people’s time (Employees) to get richer rather than depending on the social security schemes.