Advantages and disadvantages of paying social security at your own expense at the age of 40

The advantages and disadvantages of paying social security at the age of 40 are as follows:

1, provide yourself with a guarantee, so that you can have a pension as a living guarantee when you are old, and you can also use social security as insurance when you are sick and hospitalized at ordinary times to reduce your economic pressure.

2. If you pay all kinds of insurance in social security at your own expense, then you will pay more premiums. Only 40% of the money you pay will go into your personal account, and the remaining 60% will go into your overall account, that is, you will pay the retired workers now. In case of unfortunate death, the balance of personal account plus interest will be refunded, so if you don't live long enough, you will lose money.