If I got back the actuarial value of my and my employers’ contributions to “Social” “Security”, I would collect well over $10,000/month at age 65. I am “promised” $1,740, and doubt that I will ever see a fraction of that, because by then “Social” “Security” will be means tested, which means that those who planned for retirement will subsidize those who didn’t.
I made the mistake of planning for retirement since my early twenties, avoiding debt and eschewing high flying “investments”.
Means testing means that “Social Security” is a welfare program.
We’re screwed. We are so screwed.
If I could opt out of social security, leaving behind all my donations to date, I certainly would, in a heartbeat!