SS, if you live to be 80 you will probably take out far more than you put in. Of course if you had conservatively invested that money you would be much better off.
You weren't given that option. Remember the moaning and gnashing of teeth when President Bush tried to allow you to do so with a small percentage of your funds?
“SS, if you live to be 80 you will probably take out far more than you put in.”
Well, glory be. If what I put in earned interest at the rates interest was being paid for much of my life there would be a whole hell of a lot more there for me to take out. Don’t give us that sh-t. I expect to take out more than I put in, if I have to live to be a hundred to do it! :-)
That was the whole idea sold to us when social security first came into being.