Sun, 02 Mar 2025 21:46:35 +0000

Is Social Security a Ponzi Scheme?

I just today heard that the richest man in the world commented that social security is a Ponzi Scheme, which is a term most people have probably heard at one time or another but it's hard to define except it has negative connotations. Let's take a moment to break this down. Ponzi scheme: by definition, a Ponzi scheme is an investment fraud.