Originally posted by: Kevin Lewis
I was comparing a beheficiary's total personal contribution to his total benefit payments. Obviously, those contributions were matched by his employers' contributions. So a more nuanced way of putting it is, the first two years you get back the money you put in, then the second two years, you get the money your employers put in.
The fact that most SS recipients are collecting benefits for considerably longer than four years is why the system is sliding into deficit territory.
And by the way, the average person's total working life is indeed just a little over 30 years. Consider how many parents don't have jobs for a major portion of their lives.
Well, however you want to analyze it, I am pleased that social security is here for me as it has been for many others for many years before me.
