They might get it back. Or, they might croak at age 64 and get nothing.
Some talk as if the FICA taxes aren't really taxes at all, but they are. Decades ago they jacked up the OASDI tax for the imaginary "Social Security trust fund". Then they spent all that excess revenue on other things that had formerly been funded mostly by income tax revenue. That has to be factored in when figuring out relative tax burdens. It's not really honest to only count income tax.
“It’s not really honest to only count income tax.”
No, it’s trying to conflate SS and Medicare payments with taxes that is dishonest.
While I can understand the ignorant thinking that way...it is far, far from reality.
It’s usually because they have never paid a dime in income taxes in their lives. And never will.
And most will take far, far more out of SS and Medicare than they ever pay in. Who do you think makes up their deficit?
My two closest Childhood Friends both des at age 61.
Outside of their Families getting $255 to pay for the flowers at their Funerals, they didn’t get a stinking dime back from the Hundreds of Thousands of Dollars they paid into SS and Medicare.
I was diagnosed with Leukemia when I was 52. I took my SS as soon as I could at age 62, an age I was told I probably wouldn’t see when I was first Diagnosed.
I’m 64 now, so far so good thanks to Big Pharma.