In the last post, we talked about the benefits 20-somethings receive from Social Security. Many young adults worry that they will not see any benefits from the 4.2 percent of their paychecks that is withheld for Social Security. To address those concerns, the Social Security Administration hosted a webinar to help people under 30 understand the services Social Security provides to the younger generations.
Generation Y has received a myriad of attention lately. Many 20-somethings were trying to break into the workforce at the same the recession was pushing experienced workers out. The New York Times printed a large article criticizing the self-centered career and relationship choices 20-somethings make. And now much of Generation Y is wondering why they lose such a large chunk of their paychecks to a program that may not be around when it's time to retire.