The Journal reported that the Millennial generation — those whose age range is between 27 and 44 — have experienced a "dramatic turnaround" in finances. The Journal states:

The median household net worth of older millennials, born in the 1980s, rose to $130,000 in 2022 from $60,000 in 2019…. Median wealth more than quadrupled to $41,000 for Americans born in the 1990s, which includes the generation's youngest members, born in 1996. In early 2024, millennials and older members of Gen Z had, on average and adjusting for inflation, about 25% more wealth than Gen Xers and baby boomers did at a similar age, according to a St. Louis Fed analysis."

Why is that good news for proponents of Social Security? It assures them that there is more wealth that the IRS can confiscate to support and maybe even expand the program.

The biggest myth in America today is that Social Security is a program in which people are "getting their money back."

One often hears the refrain, "For 40 years, I've paid into the system. I have a right to get my money back."

But it really is just a myth. There is no truth in it at all. No one "pays into the system." No one is "getting his money back."

Social Security is nothing more than another welfare-state program, one based on the socialist principle of using the government to take money by force from one group of people and give it to another group of people. It's no different from any other welfare program, such as food stamps.

The IRS taxes people to get the money to fund the welfare-warfare state.

It does not deposit any portion of that money into a Social Security lock box or a food-stamp lockbox that has each person's name on it. The money also does not go into a Social Security retirement fund or a food-stamp emergency fund that earns interest.