Have you heard about social security?

It's the money you receive after retirement from the taxes you pay while working.

But you know, our generation shouldn't expect too much from it.

They say the current system is almost on the verge of collapse.

That's because, simply put, there are far more people receiving benefits than those paying into it.

These days, there are so many baby boomers retiring and taking all the benefits, while the younger generation that pays into it is gradually decreasing.

In the past, retiring at 65 meant you would only receive benefits for a few years, but nowadays, many people live until 90, so benefits need to be paid out for a longer time.

The problem is that if this situation continues, by around 2035, the Social Security Trust Fund is expected to run out.

It doesn't mean it will completely disappear, but from that point on, benefits will have to be paid out only from the taxes currently being collected, which means the amount you receive will significantly decrease.

In other words, if you were originally supposed to receive $2,000, you might only get about $1,500.

We need to solve this issue. But it's even more frustrating that politicians are all keeping quiet about it.

If they raise taxes, there will be a huge backlash, if they delay the retirement age, people will be outraged, and if they just cut the benefit amounts, retirees won't stay silent.

So everyone is just making excuses and dragging their feet.

But what if nothing gets done?

Our generation will end up suffering. It's tough being in your 40s.

So what I want to say is, relying solely on social security is a big mistake.

That's why I've been saving really hard these days.

So make your plans quickly.

If you want to avoid hardship later, you need to get your act together starting now.