30 seconds.

One time for the under dollar.

Ignition sequence star.

Let me see you put them up.

Reach the sky to the stars up above because it's one time for the underdog one time for the underdog

I'm Patrick made to be host to by Tim and today we're gonna talk about retirement

and social security and the history of it, how did it get started?

Who came up with this idea?

Why are we giving this out to people?

How did it go from something small of helping people out to what it is today to the point

where it's ballooned? maybe America won't even be able to

afford to offer Social Security to people.

So again, if you got a 401k, if you got a defined benefit plan, if you're planning on retiring

on time, you do not want to miss today's

how to. The person we're going to look at is life expectancy at the time where

Social Security was introduced versus actual age of retirement for 100% benefits.

Here's what it looks like.

1935, FDR introduces Social Security, right?

Age of retirement for 100% benefits was 65,

but the life expectancy for the average male in America

was 59.9 years, which means barely 60,

which means 5.1 years short of 65, which means the average male is never going to see these benefits.

...