First off, not all jobs offer 401Kβs. IRAβs have funding limits and tax consequences. The S.S. Fund is in trouble because of math. Not near as many contributing as taking out. The fund is estimated to not pay full amounts due around 2033 without changes.
DASHY wrote:
There are plenty of private investment opportunities (IRA, 401-K, etc.) to supplement Social Security when we retire. Current workers pay for current Social Security payouts to retired Americans. When current payments are suspended, the SS fund dries up. Any excess in the Social Security Trust funds are invested entirely in U.S. Treasury Securities, the safest investment instrument available today. The U.S. Government has never defaulted on its IOUs.