Anonymous ID: 5582f6 Aug. 25, 2024, 12:54 p.m. No.21480654   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

>>21480631

All your lives from a teenager till death.

 

Most workers contribute 6.2% of their earnings into the Social Security system, and employers match this amount by the same percentage. (Self-employed workers contribute 12.4% of their income to Social Security.)

 

 

How much money does the average American earn in a lifetime?

 

Social security gets 6% and you get NO INTEREST

Anonymous ID: 5582f6 Aug. 25, 2024, 1:01 p.m. No.21480696   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

The average person earns $1.7 million during a lifetime. (50,000 a year)

Social Security takes 6% and the company you work for also has to pay 6%

So, 12% of 1.7 million $204,000.

@4% interest that is 8,160.00 a year $680.00 a month

Could you use $680.00 a month for your social security interest?

Who gets that money currently?