[cuban leaf]

...people are getting way more from entitlements than they paid in...

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For the record, that is not really true for Social Security retirees. If they had put away the exact same money they paid into SS into a CD, they would be receiving a LOT more than they are.

[Jane Long]

I wonder why the author didn’t cover how MILLIONS are getting more from MEDICAID, than they ever paid in.

If it was covered, then I missed it, as I glossed over the article.

It’s crazy.....people who have (mostly) NEVER paid into a system, get lifetime healthcare and longterm care...including longer term, in home care and all med supplies....while folks who’ve worked hard and paid into system get limited Medicare benies.

[ssfromla]

If they had put away the exact same money they paid into SS into a CD, they would be receiving a LOT more than they are.

That is so true.

My favorite is when someone is excited to get a refund each year from the irs. They have no idea that the money they're getting back has been held for a year with interest and it should've never been taken from them in the first place.

I'm talking about people that work and had this money taken from them all year.

Don't ever forget that these workers have just as much taken out of their check for Social Security that they can't claim and probably will never see.

[Liberty Tree Surgeon]

Depends on the pay scale of the retiree during their working years. Lower income people get a really good return, with the really low $ workers getting a huge risk-free windfall.

Those at the high end get effectively less than 0%, meaning they could have put it into long-term Treasury bonds and made 2%+, but instead will get a negative return.

Consider, too, that the tax rate went up in the early 80s, so older retirees are doing EVEN BETTER than this if they were at the lower income scale.