{"id":1402,"date":"2026-07-18T14:10:40","date_gmt":"2026-07-18T14:10:40","guid":{"rendered":"https:\/\/blueroutejournal.com\/?p=1402"},"modified":"2026-07-18T14:10:40","modified_gmt":"2026-07-18T14:10:40","slug":"finance-guru-rips-viral-social-security-trend","status":"publish","type":"post","link":"https:\/\/blueroutejournal.com\/?p=1402","title":{"rendered":"Finance Guru Rips Viral Social Security Trend"},"content":{"rendered":"<div>\n<div>\n<p><span>\u201cThe Ramsey Show\u201d co-host and financial literacy personality George Kamel blasted news agencies and influencers for urging Americans to withdraw Social Security early.<\/span><\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=1400\">Matt Fradd Reveals What Made His Viral Moment So Emotional<\/a><\/p>\n<p><span>Recently, the Social Security Administration <\/span><span>announced<\/span><span> in the 2026 Trustees Report that the Old-Age and Survivors Insurance Trust Fund reserves \u201cwill become depleted\u201d in 2032, and afterwards, \u201cthe fund\u2019s reserves will become depleted and continuing program income will be sufficient to pay 78 percent of total scheduled benefits.\u201d<\/span><\/p>\n<p><span>The Congressional Budget Office also previously warned that this would result in a direct cut in retirement benefits, stating, \u201cbecause the government would not have the legal authority to make payments in excess of receipts, it would no longer be able to pay the full amounts scheduled or projected under current law.\u201d<\/span><\/p>\n<p><span>News organizations took on the story about Social Security reaching its end, with Fox Business <\/span><span>reporting<\/span><span> that \u201cSocial Security has less than 10 years before reserves are exhausted.\u201d Online financial influencers then started to call on their followers to take out their benefits early at 62 before Social Security goes \u2018bankrupt.\u2019<\/span><\/p>\n<p><span>In an interview with Fox News, Kamel <\/span><span>called<\/span><span> the Fox Business headline and similar headlines in other outlets \u201cclassic fearmongering\u201d that are not \u201cbased in reality.\u201d<\/span><\/p>\n<p><span>\u201cThere\u2019s a lot of context left out,\u201d Kamel added. \u201cBut when you see \u2018depletion 2032 Social Security,\u2019 it\u2019s like the toilet paper rush during COVID \u2014 everyone\u2019s like \u2018I gotta go to the store. Let\u2019s clear the shelves. There\u2019s not going to be any left for me.\u2019\u201d<\/span><\/p>\n<p><span>Kamel debunked the idea that Social Security is going to go bankrupt by noting that the last time Social Security reserves were expected to dry out in 1983, Congress and the Reagan administration did \u201cseveral small tweaks\u201d to fix the system.<\/span><\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=1398\">Gay Vacation Cruise Stunned To Be Turned Away From Two Muslim Countries<\/a><\/p>\n<p><span>\u201cA worst-case scenario is a 22% cut in monthly benefits,\u201d Kamel said. \u201cThat\u2019s a far cry from it going to 0, to bankruptcy. There is a lot of emotion here, and fear is a bad reason to grab it at 62.\u201d<\/span><\/p>\n<p><span>\u201cI don\u2019t see a world where, in 2032, we\u2019re all going, \u2018Where\u2019s our money? We\u2019re all going to retire broke.\u2019\u201d Kamel added.\u00a0<\/span><\/p>\n<p><span>Kamel also mentioned that taking Social Security at 62 gives a 30% deduction in benefits, whereas waiting until 70 gives a 24% bonus. But he then noted that there is no \u201cmagic age\u201d for taking Social Security.<\/span><\/p>\n<p><span>\u201cThere [are] a lot of factors that come into play when you decide to take Social Security, and it really depends on your life, your health, your income, your family situation,\u201d Kamel said.<\/span><\/p>\n<p><span>Kamel advised listeners to take control of their finances rather than relying on the government.<\/span><\/p>\n<p><span>\u201cI call it Social insecurity, because if you\u2019re relying on it, you don\u2019t have that security, you don\u2019t have that control,\u201d Kamel said. \u201cSo I want to let people know that you are your best shot at great retirement. It\u2019s not the government\u2019s job, it\u2019s not Washington\u2019s job, it\u2019s not a headline, it\u2019s not a trust fund aid, you control the controllables.\u201d\u00a0<\/span><\/p>\n<p>Read more <a href=\"https:\/\/blueroutejournal.com\/?p=1397\">Trump Says America Is Being \u2018Unnecessarily Invaded\u2019 By Canadian Wildfire Smoke<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cThe Ramsey Show\u201d co-host and financial literacy personality George Kamel blasted news agencies and influencers for urging Americans to withdraw Social Security early.Recently, the Social Security Administration announced in the 2026 Trustees Report that the Old-Age and Survivors Insurance Trust Fund reserves \u201cwill become depleted\u201d in 2032, and afterwards, \u201cthe fund\u2019s reserves will become depleted and continuing program income will be sufficient to pay 78 percent of total scheduled benefits.\u201dThe Congressional Budget Office also previously warned that this would result in a direct cut in retirement benefits, stating, \u201cbecause the government would not have the legal authority to make payments in excess of receipts, it would no longer be able to pay the full amounts scheduled or projected under current law.\u201dNews organizations took on the story about Social Security reaching its end, with Fox Business reporting that \u201cSocial Security has less than 10 years before reserves are exhausted.\u201d Online financial influencers then started to call on their followers to take out their benefits early at 62 before Social Security goes \u2018bankrupt.\u2019In an interview with Fox News, Kamel called the Fox Business headline and similar headlines in other outlets \u201cclassic fearmongering\u201d that are not \u201cbased in reality.\u201d\u201cThere\u2019s a lot of context left out,\u201d Kamel added. \u201cBut when you see \u2018depletion 2032 Social Security,\u2019 it\u2019s like the toilet paper rush during COVID \u2014 everyone\u2019s like \u2018I gotta go to the store. Let\u2019s clear the shelves. There\u2019s not going to be any left for me.\u2019\u201dKamel debunked the idea that Social Security is going to go bankrupt by noting that the last time Social Security reserves were expected to dry out in 1983, Congress and the Reagan administration did \u201cseveral small tweaks\u201d to fix the system.\u201cA worst-case scenario is a 22% cut in monthly benefits,\u201d Kamel said. \u201cThat\u2019s a far cry from it going to 0, to bankruptcy. There is a lot of emotion here, and fear is a bad reason to grab it at 62.\u201d\u201cI don\u2019t see a world where, in 2032, we\u2019re all going, \u2018Where\u2019s our money? We\u2019re all going to retire broke.\u2019\u201d Kamel added.\u00a0Kamel also mentioned that taking Social Security at 62 gives a 30% deduction in benefits, whereas waiting until 70 gives a 24% bonus. But he then noted that there is no \u201cmagic age\u201d for taking Social Security.\u201cThere [are] a lot of factors that come into play when you decide to take Social Security, and it really depends on your life, your health, your income, your family situation,\u201d Kamel said.Kamel advised listeners to take control of their finances rather than relying on the government.\u201cI call it Social insecurity, because if you\u2019re relying on it, you don\u2019t have that security, you don\u2019t have that control,\u201d Kamel said. \u201cSo I want to let people know that you are your best shot at great retirement. It\u2019s not the government\u2019s job, it\u2019s not Washington\u2019s job, it\u2019s not a headline, it\u2019s not a trust fund aid, you control the controllables.\u201d\u00a0<\/p>\n","protected":false},"author":1,"featured_media":1401,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-1402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finance Guru Rips Viral Social Security Trend - Blue Route Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blueroutejournal.com\/?p=1402\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Guru Rips Viral Social Security Trend - Blue Route Journal\" \/>\n<meta property=\"og:description\" content=\"\u201cThe Ramsey Show\u201d co-host and financial literacy personality George Kamel blasted news agencies and influencers for urging Americans to withdraw Social Security early.Recently, the Social Security Administration announced in the 2026 Trustees Report that the Old-Age and Survivors Insurance Trust Fund reserves \u201cwill become depleted\u201d in 2032, and afterwards, \u201cthe fund\u2019s reserves will become depleted and continuing program income will be sufficient to pay 78 percent of total scheduled benefits.\u201dThe Congressional Budget Office also previously warned that this would result in a direct cut in retirement benefits, stating, \u201cbecause the government would not have the legal authority to make payments in excess of receipts, it would no longer be able to pay the full amounts scheduled or projected under current law.\u201dNews organizations took on the story about Social Security reaching its end, with Fox Business reporting that \u201cSocial Security has less than 10 years before reserves are exhausted.\u201d Online financial influencers then started to call on their followers to take out their benefits early at 62 before Social Security goes \u2018bankrupt.\u2019In an interview with Fox News, Kamel called the Fox Business headline and similar headlines in other outlets \u201cclassic fearmongering\u201d that are not \u201cbased in reality.\u201d\u201cThere\u2019s a lot of context left out,\u201d Kamel added. \u201cBut when you see \u2018depletion 2032 Social Security,\u2019 it\u2019s like the toilet paper rush during COVID \u2014 everyone\u2019s like \u2018I gotta go to the store. Let\u2019s clear the shelves. There\u2019s not going to be any left for me.\u2019\u201dKamel debunked the idea that Social Security is going to go bankrupt by noting that the last time Social Security reserves were expected to dry out in 1983, Congress and the Reagan administration did \u201cseveral small tweaks\u201d to fix the system.\u201cA worst-case scenario is a 22% cut in monthly benefits,\u201d Kamel said. \u201cThat\u2019s a far cry from it going to 0, to bankruptcy. There is a lot of emotion here, and fear is a bad reason to grab it at 62.\u201d\u201cI don\u2019t see a world where, in 2032, we\u2019re all going, \u2018Where\u2019s our money? We\u2019re all going to retire broke.\u2019\u201d Kamel added.\u00a0Kamel also mentioned that taking Social Security at 62 gives a 30% deduction in benefits, whereas waiting until 70 gives a 24% bonus. But he then noted that there is no \u201cmagic age\u201d for taking Social Security.\u201cThere [are] a lot of factors that come into play when you decide to take Social Security, and it really depends on your life, your health, your income, your family situation,\u201d Kamel said.Kamel advised listeners to take control of their finances rather than relying on the government.\u201cI call it Social insecurity, because if you\u2019re relying on it, you don\u2019t have that security, you don\u2019t have that control,\u201d Kamel said. \u201cSo I want to let people know that you are your best shot at great retirement. It\u2019s not the government\u2019s job, it\u2019s not Washington\u2019s job, it\u2019s not a headline, it\u2019s not a trust fund aid, you control the controllables.\u201d\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blueroutejournal.com\/?p=1402\" \/>\n<meta property=\"og:site_name\" content=\"Blue Route Journal\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-18T14:10:40+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=1402#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=1402\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/#\\\/schema\\\/person\\\/19da116f8d79cf8987781569801c6b7c\"},\"headline\":\"Finance Guru Rips Viral Social Security Trend\",\"datePublished\":\"2026-07-18T14:10:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=1402\"},\"wordCount\":548,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=1402#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blueroutejournal.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/a0f003da2edd3b28483245b28f541a72.avif\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/blueroutejournal.com\\\/?p=1402#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=1402\",\"url\":\"https:\\\/\\\/blueroutejournal.com\\\/?p=1402\",\"name\":\"Finance Guru Rips Viral Social Security Trend - 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Let\u2019s clear the shelves. There\u2019s not going to be any left for me.\u2019\u201dKamel debunked the idea that Social Security is going to go bankrupt by noting that the last time Social Security reserves were expected to dry out in 1983, Congress and the Reagan administration did \u201cseveral small tweaks\u201d to fix the system.\u201cA worst-case scenario is a 22% cut in monthly benefits,\u201d Kamel said. \u201cThat\u2019s a far cry from it going to 0, to bankruptcy. There is a lot of emotion here, and fear is a bad reason to grab it at 62.\u201d\u201cI don\u2019t see a world where, in 2032, we\u2019re all going, \u2018Where\u2019s our money? We\u2019re all going to retire broke.\u2019\u201d Kamel added.\u00a0Kamel also mentioned that taking Social Security at 62 gives a 30% deduction in benefits, whereas waiting until 70 gives a 24% bonus. But he then noted that there is no \u201cmagic age\u201d for taking Social Security.\u201cThere [are] a lot of factors that come into play when you decide to take Social Security, and it really depends on your life, your health, your income, your family situation,\u201d Kamel said.Kamel advised listeners to take control of their finances rather than relying on the government.\u201cI call it Social insecurity, because if you\u2019re relying on it, you don\u2019t have that security, you don\u2019t have that control,\u201d Kamel said. \u201cSo I want to let people know that you are your best shot at great retirement. It\u2019s not the government\u2019s job, it\u2019s not Washington\u2019s job, it\u2019s not a headline, it\u2019s not a trust fund aid, you control the controllables.\u201d\u00a0","og_url":"https:\/\/blueroutejournal.com\/?p=1402","og_site_name":"Blue Route Journal","article_published_time":"2026-07-18T14:10:40+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blueroutejournal.com\/?p=1402#article","isPartOf":{"@id":"https:\/\/blueroutejournal.com\/?p=1402"},"author":{"name":"admin","@id":"https:\/\/blueroutejournal.com\/#\/schema\/person\/19da116f8d79cf8987781569801c6b7c"},"headline":"Finance Guru Rips Viral Social Security Trend","datePublished":"2026-07-18T14:10:40+00:00","mainEntityOfPage":{"@id":"https:\/\/blueroutejournal.com\/?p=1402"},"wordCount":548,"commentCount":0,"image":{"@id":"https:\/\/blueroutejournal.com\/?p=1402#primaryimage"},"thumbnailUrl":"https:\/\/blueroutejournal.com\/wp-content\/uploads\/2026\/07\/a0f003da2edd3b28483245b28f541a72.avif","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blueroutejournal.com\/?p=1402#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blueroutejournal.com\/?p=1402","url":"https:\/\/blueroutejournal.com\/?p=1402","name":"Finance Guru Rips Viral Social Security Trend - 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