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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 7:54 am to NC_Tigah
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.
2
Posted on 2/25/24 at 8:47 am to SlowFlowPro
quote:Had the retiree had a government program that allowed the money held from their pay and the contribution from the employer to stay in place and grow just as simple compounded interest, the average retiree would have a monthly income far exceeding the current payout. You do admit this, correct?
The average retiree would have spent, not saved, all of that money.
quote:This benefit is far less than it could be if the government had invested the funds and grown it in accordance with the market. You admit this, correct?
So they are getting a huge benefit.
Posted on 2/25/24 at 10:04 am to SlowFlowPro
quote:
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.
Holy shite. People need to let this one sink in.
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