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<blockquote data-quote="D2Cat" data-source="post: 1457014" data-attributes="member: 19322"><p>When SS began every worker was required to contribute. That was 1935, I think. My wife's grandmother was working for the county as the treasurer. I think she said her contribution was .10 per week. The employees did not have any discretionary income. They didn't have the money to contribute. The county raised their salary by the amount due SS.</p><p></p><p>The idea that Americans can manage their own money is a dream, much less understand how to invest in the stock market. A large portion of the population has both adults working (if they're not free loading) and they still spend next weeks income this week. Those couldn't come up with $500 to open an account.</p></blockquote><p></p>
[QUOTE="D2Cat, post: 1457014, member: 19322"] When SS began every worker was required to contribute. That was 1935, I think. My wife's grandmother was working for the county as the treasurer. I think she said her contribution was .10 per week. The employees did not have any discretionary income. They didn't have the money to contribute. The county raised their salary by the amount due SS. The idea that Americans can manage their own money is a dream, much less understand how to invest in the stock market. A large portion of the population has both adults working (if they're not free loading) and they still spend next weeks income this week. Those couldn't come up with $500 to open an account. [/QUOTE]
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