Consider a single woman earning the average wage who turned 65 in 1980. She has paid in $8,000 but will take out $81,000 in benefits, or more than 10 times her contribution.Unfortunately, the online article lacks the tables and figures from the print edition that managed to piss my teenager off, even without reading the article.
Wednesday, August 8, 2012
Get Grandma off the dole
Social Security and Medicare were were designed to alleviate poverty among the elderly. However, now these "mandatory spending" programs take from the poor, and give to the rich: