And if there is no interest being paid out then how can anyone could feel good about paying into social security when you're literally guaranteed a negative rate of return.
Oh and I might add, there is no such thing as interest when speaking of SS or Ponzi schemes. Interest only applies to entities that make money, and the U.S. government does not make money. Other than printing it of course.
Answer by jewjewbee at 10:19 PM on Sep. 9, 2010
Answer by LoriKeet at 9:48 PM on Sep. 9, 2010
Answer by mamaofficer at 6:59 PM on Sep. 9, 2010
Answer by mamaofficer at 7:02 PM on Sep. 9, 2010
Answer by slw123 at 9:17 PM on Sep. 9, 2010
Answer by hot-mama86 at 10:16 PM on Sep. 9, 2010
The projections currently ( feb 2010) show that they will only be able to pay out 76 cents of every dollar that was promised. So, in reality you will get-if you get it-more than your dollar because of inflation. When people get their SS checks they actually receive more than what they paid into it. But in respect to calculations for inflation and cola adjustments it really should be about the same. So...when they say 76 cents it sounds scary, but dollar for dollar you may actually get all your projected benefits paid back to you. Assuming of course, you are over 40 now and SS will still be there in 27 years.
Answer by jewjewbee at 10:17 PM on Sep. 9, 2010
Next question overall
Where can I buy a Baby Walker, living in CANADA BC.