> I’ve been paying into the System since I was 14 yo. I’m 60.<
The real kick to the groin is had just one dollar of that FICA money been left for you to invest, it would be worth $30,160 dollars at retirement.
ONE DOLLAR!
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
I showed this to my son when he was 16 and said if he put just 10% of his first paycheck in an interest bearing fund, it would be worth $1 Million at retirement. Both boys are good savers now.
EC
1 dollar invested for 56 years at 8% is 39 dollars.