The first Social Security beneficiary, Ida Mae Fuller, worked for three years under the Social Security program.
The accumulated taxes on her salary during those three years was a total of $24.75.
Her initial monthly check was $22.54.
During her lifetime she collected a total of $22,888.92 in Social Security benefits.
My mother paid into SS from roughly 1940-1945.
She started collecting at age 65,about $2000.00 per year.
She collected that amount for 26 years,approx. $50,000.00
No wonder we’re in trouble.
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