Social Security

[bdgan]

Example of a 35 year work history:

• Employer + employee contribute approximately $250,000 over 35 years.
• This would have grown to approximately $1.4 million if invested at an average return of 7%.
• $1.4 million over a 20 year retirement (age 65-85) = $70k per year
  
• But the estimated benefit is only $30k per year (and it gets taxed again)
• And the SS trust fund is going bankrupt.

How do liberals call this a successful program?

 

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