From the age of 19 years old until your 60 years old, you pay in 6.2% and your employer pays in 6.2% into SS, compounded by 3% per year until your 60 years old you would have more than $1,000,000.00 plus, compounded by 3.00% from the age of 62 until your 100 years old you would draw on the average around $60,000 per year plus. Go figure www.thecalculatorsite.com/fina...terestcalculator.php
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I retired this year, at that time I sat down and did the math. the payment I receive from Social security is less than what the yearly interest would be. If I received the interest dang would I live good. don't let the govt tell you don't deserve it.
But when comrade de Roosevelt came up with this idea, Americans were not supposed to live past 61 or 62.
When SS was devised, people lived shorter lives and a larger percentage were in the workforce.
If we didn't pay into SS they wouldn't have all that money to give to the guy/gal with 10 kids, people with "carpal tunnel", nervous disorders, and such minor/bull s***. Just google welfare fraud and watch the gimmethats in action.
What is HIS disability?
"The U.S. now ranks not first, not second, not third, but 12th among developed nations in terms of business startup activity."
TThe death of businesses has intercepted that of opening businesses.
http://www.gallup.com/business...ship-dead-alive.aspx
Thanks, Obama. Thanks, for nothing! Actually, less than nothing.