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re: In just a few years, the average retiree will be receiving 37% more in SS than he paid in
Posted on 2/25/24 at 5:09 am to bigblake
Posted on 2/25/24 at 5:09 am to bigblake
quote:By what parameter?
what people contributed is less than what they are receiving.
You are implying that a person receiving $150 today, in return for a $100 dollar contribution made 40yrs ago, contributed less than what they are receiving.
Yet, that $150 represents only a ~1% rate of annual return on the original investment. At standard market ROI that $100 investment would have grown to $5900 over 40yrs.
So, at the same time you're lauding the government for returning more than was contributed, you should understand the average retiree is getting royally screwed in the process.
2
Posted on 2/25/24 at 5:53 am to NC_Tigah
Is this analysis ignoring employer contributions?
Is this analysis using long term US borrowing rate relevant to the investment period?
Is this analysis using long term US borrowing rate relevant to the investment period?
Posted on 2/25/24 at 7:54 am to NC_Tigah
quote:
You are implying that a person receiving $150 today, in return for a $100 dollar contribution made 40yrs ago, contributed less than what they are receiving.
Yet, that $150 represents only a ~1% rate of annual return on the original investment. At standard market ROI that $100 investment would have grown to $5900 over 40yrs.
Why are we assuming all of this model investing efficiency when the vast majority of Americans do not engage in this behavior?
quote:
you should understand the average retiree is getting royally screwed in the process.
The average retiree would have spent, not saved, all of that money. So they are getting a huge benefit.
Hence why this is a welfare program.
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