Change Social Security to allow an opt-in/opt-out option for anyone born in 1970 or later

Change Social Security to allow an opt-in/opt-out option for anyone born in 1970 or later

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Samuel Houpt started this petition to United States Congress and

With this petition, I am calling for Social Security Reform, whether it be an opt-in/opt-out option for anyone under the age of 65 in 2035, or a complete reform to favor the investor, with control of the invested money going to the investor, through the choice of fund allotment to Social Security.

Social Security was enacted in 1935 by President Franklin D. Roosevelt to assist elderly Americans in retirement during the Great Depression and beyond. It is projected that the Social Security funds will be exhausted by 2035, only 100 years later. At the time of it being enacted, the age to receive Social Security was the same as it is today, but the life expectancy was much lower, in fact, it was only 61 years old. Now, in 2019, the life expectancy is 79 years old. This causes a problem in the distribution of funds because so many people are taking Social Security that the funds are depleting. This is not the only factor as to why though. Not only are there more than the expected amount of people taking out Social Security checks due to increased life expectancy, but there is also a growing demographic of elderly people in the nation due to the Baby Boomer generation coming of Social Security age as well as families in the modern-day having, on average, less kids than their parents and grandparents, with number of children per family being close to 2.5 children per family in 1960, versus the 1.9 children per family that it is today. Due to these widening gaps in age, it leaves a burden on the younger generations that know, in reality, they will not see most, if not all, of the money that is taken from them to subsidize Social Security. That is why we need Social Security Reform. whether it be an opt-in/opt-out for anyone under the age of 65 in 2035, or a complete reform to favor the investor. An opt-out and/or allotment percentage choice would fuel the economy, allowing younger members of society to pay off their debts faster and pump the money back into the economy quicker, as well as allow them to invest how they choose, fueling the stock market. A fund allotment choice would be a system like the Thrift Savings Plan that the military offers, with 10 to 12 funds to choose from based on age, investing style, risk assessment, and size of the portfolio. This reform will be a win for all citizens of the United States, allowing choice in how we pay off debts, spend our money, invest, and retire. We, The People, need to stop avoiding the catastrophe that we can see ahead, and take back our monetary freedom.

If this petition reaches 10,000 signatures I will personally drive to Washington DC and deliver it to my Congressman in his office in the Capitol Building.

0 have signed. Let’s get to 100!
At 100 signatures, this petition is more likely to be featured in recommendations!