Today’s Retirees First to Pay More Into Social Security Than They’ll Get Back
Posted on 08/6/2012 by Elizabeth Brown | Brooklyn, NY | Comments
News RoundupsFor a person retiring in 1960, Social Security presented a pretty great deal: Pay in during your working years and you could expect to get back about seven times more in benefits during retirement. But today’s retirees won’t reap nearly the same return on investment. In fact, they’re part of the first generation of workers who have paid more in Social Security taxes than they will receive in benefits.
