Not quite right jrmem. The contribution that were made to social security were used to buy US bonds. A big chunk of the fund consists of IOU (the country owes money that was borrowed from the social security fund). This is the same as you BUYING a million dollars worth of US bonds. The country owes YOU one million dollars.
Not quite right jrmem. The contribution that were made to social security were used to buy US bonds. A big chunk of the fund consists of IOU (the country owes money that was borrowed from the social security fund). This is the same as you BUYING a million dollars worth of US bonds. The country owes YOU one million dollars.