"Break-Even" Age on Social Security benefits?

[robby]

@19ForMe

Right. But remember, the amount paid in has not be steady. He didn’t pay in $1000 per year for 46 years. In the Social Security world, the early years had really low rates of tax / contribution. In 1940, you might pay 2% of the first $3,000. By my calculations, our worker didn’t personally pay more than $100 in a year until 1959. In fact, over half the total paid into the system happened in the last seven years of work (1980 through 1986).

Good point. :smack: I need to stay out of financial discussions.