My point is to prove that the entire program is a rip off and that Elon and Doge are doing good work. If anyone here is on social security your input will be beneficial. This will all be done off national average and the results will be posted here once done. I hope it helps someone or at least opens minds to how Governments are not good at investing your money. Of the which, I am sure you already know. But this will be shared with libs too. Numbers are facts and do not lie. Thanks in advance.
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Average age of death 78.4 Age to collect 67 So the average person will collect for 11 years and this is all based solely on a 35 year work history. Problem is most people work 50 years before they can collect. Average wages are $5677/ month social security tax is 6.7%. I’ve got some work to do. Any input helps.
50% collect at 62...
Thanks. And therefore their benefits are cut in half regardless what they paid in.
I'll give an in-depth comment from my experience at work tonight.
Your work?
No, they are at 70 % of the calculated rate.