Strengthen, don’t cripple, Social Security

A recent letter writer offered up the idea that middle- and upper-income earners would do better investing their Social Security contributions on their own, instead of handing it over to the Social Security Administration.

I’m not a financial wizard, but I expect the proposed loss of funds would jeopardize the whole program. Aside from this, I would ask the writer what they would propose for the 62% of wage earners who live from paycheck to paycheck?

When you need every dollar, it makes it hard to contribute to a savings or investment account. This is exactly why Social Security was created, to serve as a safety net for the elderly who have little to no outside income.

Rather than cripple the program, we should find ways to strengthen it.

Richard Keslinke

Algonquin