In this video, Colin Exelby, CFP® breaks down Elon Musk’s shocking claim about 20 million active Social Security numbers belonging to people over 100 years old. Is this a lie? If he is correct, it could be a huge deal for the solvency of the Social Security System. Join me and uncover whether this is a massive fraud, if there are millions of payments to 150 year old dead people and if there is truly a government data error.
Elon Musk just exposed what could be the biggest fraud in history—claiming that over 20 million active Social Security numbers belong to people over 100 years old, far exceeding the actual centenarian population, raising serious questions about whether this is a massive government oversight, an outdated COBOL system glitch, or something more sinister; with $72 billion in improper payments from 2015-2022, is taxpayer money being diverted to fund these potentially fraudulent accounts, and should the government invest $10M to fix the system and restore trust?
#SocialSecurity #ElonMusk #Fraud #Retirement #PersonalFinance #GovernmentSpending #SSN #Investing #MoneyMatters #financenews
Trump and Musk Plan for Social Security Video Mentioned: 👇
https://www.youtube.com/watch?v=rBStWjOwokk&t=30s
2023 Inspector’s General SSA Report: 👇
https://oig.ssa.gov/assets/uploads/a-06-21-51022.pdf
2015 Inspector’s General SSA Report: 👇
https://oig-files.ssa.gov/audits/full/A-06-14-34030_0.pdf
00:00-Did Elon Find Social Security Fraud?
05:10-SS Fraud: Counter Arguments
06:17-Social Security Data Inaccuracies
09:39-Social Security Fraud: Digging Deeper
10:47-Recommendations to the SS Administration
15:36-Potential Implications - What This Means for You
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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.
I provide financial planning for business owners and their families that makes sense.
Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.
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