No, it was upside down from day one by design. Its a pyramid scheme.
Look up who the first recipient of s.s. was. Look up how much she contributed vs how much she collected.
Then greedy boomers made it worse by voting for the politicians who stole the money going into s.s. to pay for other benefits they didn't want to pay for.
S.S. was designed to start at age 65, when at the time, the average life expectancy was 63. Today boomers still start collecting at 65 but they live to be 80.
S.S. was screwed from its very first recipient onwards.
On January 31, 1940, the first monthly retirement check was issued to Ida May Fuller of Ludlow, Vermont, in the amount of $22.54. Miss Fuller, a Legal Secretary, retired in November 1939. She started collecting benefits in January 1940 at age 65 and lived to be 100 years old, dying in 1975.
Ida May Fuller worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.
No, it was upside down from day one by design. Its a pyramid scheme.
Look up who the first recipient of s.s. was. Look up how much she contributed vs how much she collected.
Then greedy boomers made it worse by voting for the politicians who stole the money going into s.s. to pay for other benefits they didn't want to pay for.
https://images-na.ssl-images-amazon.com/images/I/4152YTJSX0L.SX312_BO1,204,203,200.jpg
Why would I need to read an entire book about it?
S.S. was designed to start at age 65, when at the time, the average life expectancy was 63. Today boomers still start collecting at 65 but they live to be 80.
S.S. was screwed from its very first recipient onwards.
On January 31, 1940, the first monthly retirement check was issued to Ida May Fuller of Ludlow, Vermont, in the amount of $22.54. Miss Fuller, a Legal Secretary, retired in November 1939. She started collecting benefits in January 1940 at age 65 and lived to be 100 years old, dying in 1975.
Ida May Fuller worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.
You are ignorant to the point of comedy!
Comedy i get. When it comes to your "comedy", im like everyone else here.