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Author: 2828 Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757902  
Subject: CBO On SS, It's A Terrible Deal Date: 10/6/2012 10:14 AM
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http://www.zerohedge.com/contributed/2012-10-05/cbo-ss-%E2%8...

The key statement from the CBO report (link):

For people born in the 1940s or later who have household earnings in the second quintile or above, the present value of taxes will be, on average, more than the present value of scheduled benefits.

Got that lovers of SS? 80% of the people who contribute to SS get less than what they paid in. Only the bottom 20% of income earners have a chance of breaking even.
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Thank God they didn't let George Bush alter the "most successful program in world history".

Leaky pipe, we're all in this alone <repeat>
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