Social Security

All facts and figures were taken from CRS report for Congress .
A lot of friends tell me that they think Social Security is a bad deal or that they will never see a dime. Here are some facts.
1. Social Security is expected to have surpluses until the year 2042. That does not mean that it will run out of money. It means that the trust fund will need to acquire additional monies to stay solvent. It is up to congress to save these expected surpluses from the next 32 years.

2. Social Security is a good deal. Remember it is not an investment but an insurance for your old age.
The single worker,who pays into the system his whole working life, can expect to recoup all of his contributions in 7.5 yrs. A worker and his spouse will recoup theirs in only 4.8 yrs.

3. A single worker will recoup his plus his employers shares in 17.4 yrs while a worker and his spouse will recoup his and his employers shares in only 10.5 yrs. We need to protect this program. It works!!!!