Social security has worked well for 89 years in the exact way it was set up and how it was promised. In the modern age, that is more than the average lifetime.
American Healthcare continues to go backward
- Thread starter steross
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The very first recipient put in $24 and received over $22,000 for a 92,000% return.
Anecdotal reply that is not responsive to the proposition advanced.
Polds4OSU
Marshall
she also only worked for 2 years and 10 months when social security was being collected. Most of here career there was NO such thing as social security
So she only paid into social security for ~34 months from 1937 to 1939
Then retired and on Jan 31st 1940 Drew her first Social Security Payout check at the Age of 65.
She then died 35 YEARS later at the Age of 100 in 1975 having paid into Social Security for less than 3 years and drawing payments from it for 35 YEARS.
She was paid an Avg of $654 PER YEAR from Social Security from 1940 till 1975
(In today's money that would be an avg payout of $14,700 per year over 35 years)
Which is more important, the n=1 example you keep bringing up or the n=100's of millions (~78 million americans are getting SS checks this year)?
They are an exception and you know better than to do this with your background and knowledge of statistics.
The problems are:
Most people outlive their contributions. Ida Mae Fuller is the rule, not the exception.
We don’t have enough new payers to keep it solvent.
We can’t fix it because it is a political third rail.
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