Social security is a Ponzi scheme?

Social security is a Ponzi scheme???

You may have received another right wing "hate your government" e-mail. Social Security, from the beginning, was a program designed to partially support the elderly in our nation. The idea being that today's workers will take care of their elders. Before social security children took in their parents and cared for them until their death. My parents had 3 of my grandparents die in our house. Thanks to Social security your Mom and Dad are not living with you.

Bernie Madoff took the money and spent it on himself. Social Security money is given to the retired elderly and disabled in our nation. What kind of people would want to go back to the old system of every old person and disabled person being on their own and dependent on family??????

Social Security is the major source of income for most of the elderly.
• Nine out of ten individuals age 65 and older receive Social Security benefits.
• Social Security benefits represent about 41% of the income of the elderly.
• Among elderly Social Security beneficiaries, 54% of married couples and 73% of unmarried persons receive 50% or more of their income from Social Security.
• Among elderly Social Security beneficiaries, 22% of married couples and about 43% of unmarried persons rely on Social Security for 90% or more of their income.
Social security returns over 99% of the tax payments to beneficiaries. Name one insurance company that does that!

In the name of truth, justice and the American way,

Grace