Why does social security lose money? Why do people suffer?

The huge losses of social security funds can easily make people feel insecure when paying social security. Therefore, the cost of paying social security now may be to pay pensions to the older generation, and the proportion of the labor force population will continue to decline (possibly permanently) from 2020. This generation of young people is old and doomed to not enjoy the same pension. This is also the reason why pensions enter the market.

However, social security includes not only endowment insurance, but also medical insurance. People can be reimbursed for illness and hospitalization, but pension and medical care are bound together. In other words, paying medical care will definitely pay for the elderly. Therefore, whether to continue to pay social security depends entirely on the individual.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.