Warren Buffett shared thoughts on Social Security - plus how to ensure your retirement is secure

Wait 5 sec.

0&&s)if(o){var a,r=(a=e.newCount)>99;s.textContent=r?"99+":a+"",null===(n=s.parentElement)||void 0===n||n.classList.add(Jn)}else s.style.display="block"},f=function(){u.refreshPanel().then(m).then(te).catch((function(){}))};if(e.addEventListener("close-all-menus",(function(){ke(c)||d()})),c){f();var v=setInterval((function(){f()}),3e5);e.onDestroy((function(){clearInterval(v)})),o?l&&l.addEventListener("mouseenter",(function(){p(),null==n||n.show()})):c.addEventListener("mouseenter",(function(){p(),null==n||n.show()})),c.addEventListener("mouseleave",(function(){d(),null==n||n.hide()}))}e.addElementListener(i,"click",(function(){ee("ybar","notification","",{elm:"btn",elmt:"block"===(null==s?void 0:s.style.display)?"newalert":"",subsec:"notification",itc:"1"})})),a&&Se(e,a,"ybar","notification",{elm:"expand",subsec:"notifications",itc:"2"}),e.addElementListener(r,"focusin",(function(){i&&(i.checked=!0),null==r||r.classList.add("ybarMenuOpen")})),e.addElementListener(r,"focusout",d),e.addElementListener(t.tooltipContainer,"focusin",(function(){null==n||n.show()})),e.addElementListener(t.tooltipContainer,"focusout",(function(){null==n||n.hide()}));var y=e.getConfig().device,h=document.getElementById("ybar");h&&h.classList.contains("ybar-ytheme-crunch")&&(io=0);var b=new RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>MoneywiseSun, Sep 21, 2025, 11:19 AM 7 min readEric Francis/Getty ImagesMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.Social Security has long been a subject of intense discussion in America, but investing legend Warren Buffett’s position on the issue is unmistakably clear.During Buffett’s company, Berkshire Hathaway’s, annual shareholders meeting in 2005, an audience member posed a blunt question: “I’m asking for your opinion on Social Security. Shall we call it the government-sponsored Ponzi scheme for retirees?”Buffett clarified that Social Security is essentially a “transfer payment by the people who are in their productive years to the people who are past their productive years.” And he liked that mechanism, stating, “I think that the obligation for the people who do well in this society is to provide a reasonable level of sustenance for those beyond their productive years.”Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPI'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)Buffett’s right-hand man, the late Charlie Munger, strongly defended the program. He said that he felt more strongly than Buffett that the Republicans who were challenging Social Security were “out of their minds.”His remarks were met with laughter and applause from the audience.That said, the audience member’s concern is not unfounded.Nobel Prize-winning economist Milton Friedman once called Social Security “the biggest Ponzi scheme on earth.”Concerns over the sustainability of the program have heightened more recently, with the Congressional Budget Office projecting the exhaustion of the Social Security Old-Age and Survivors Insurance Trust Fund by the fiscal year 2032.Instead of solely relying on Social Security for your retirement, you can also take matters into your own hands. Proactively investing and saving on your own can provide stability amid Social Security’s uncertain future.Here are two ways to do just that:Investing in real estate is widely regarded as a robust strategy for retirement planning due to its potential for generating passive income and capital appreciation over time.Well-chosen properties can offer a reliable source of rental income, which can be used to cover living expenses in retirement, reducing dependency on traditional retirement savings or Social Security.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,687.94 +23.58 (+0.35%)Dow 3046,353.98 +38.71 (+0.08%)Nasdaq22,766.09 +134.61 (+0.59%)Russell 20002,456.67 +7.90 (+0.32%)VIX15.95 +0.50 (+3.24%)Gold3,781.50 +75.70 (+2.04%)PortfolioSign in to access your portfolioSign inTop gainersMTSR Metsera, Inc. 53.93 +20.61 (+61.85%)DGNX Diginex Limited 17.79 +4.19 (+30.92%)QMMM QMMM Holdings Limited 106.00 +23.16 (+27.96%)BBAR Banco BBVA Argentina S.A. 9.92 +1.73 (+21.12%)APLD Applied Digital Corporation 24.73 +4.25 (+20.73%)Top losersCOMP Compass, Inc. 7.81 -1.59 (-16.93%)MENS Jyong Biotech Ltd. 58.33 -7.29 (-11.12%)FORD Forward Industries, Inc. 27.12 -3.33 (-10.92%)QUBT Quantum Computing Inc. 20.71 -2.56 (-10.99%)BMNR Bitmine Immersion Technologies, Inc. 55.32 -5.97 (-9.74%)Most activeNVDA NVIDIA Corporation 182.92 +6.32 (+3.58%)SNAP Snap Inc. 8.56 +0.40 (+4.84%)OPEN Opendoor Technologies Inc. 8.89 -0.68 (-7.05%)PLUG Plug Power Inc. 2.5500 +0.3700 (+17.01%)NIO NIO Inc. 6.86 -0.51 (-6.92%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 182.68 +6.08 (+3.44%)MTSR Metsera, Inc. 54.04 +20.72 (+62.17%)PATH UiPath Inc. 13.03 +1.15 (+9.73%)MRNA Moderna, Inc. 26.79 +1.55 (+6.15%)ORCL Oracle Corporation 322.40 +13.74 (+4.45%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.