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<blockquote data-quote="greybeard" data-source="post: 1691234" data-attributes="member: 18945"><p>Based on 2016 data provided by the SSA (when the maximum taxable earnings figure was $118,500), <u>the average American</u> wound up paying $2,463 into the OASI each year. If one worked for 42 years, (age 20-age 62), the <u>average American </u>would have paid in $98,520.</p><p></p><p>The <u>average SS benefit recipient </u> gets $1543/month. X 12 months, they get $18,560 per year. It would only take 5.3 years of benefits to equal what <u>that average American </u>worker contributed (paid in) out of his paycheck.</p><p></p><p>No?</p></blockquote><p></p>
[QUOTE="greybeard, post: 1691234, member: 18945"] Based on 2016 data provided by the SSA (when the maximum taxable earnings figure was $118,500), [U]the average American[/U] wound up paying $2,463 into the OASI each year. If one worked for 42 years, (age 20-age 62), the [U]average American [/U]would have paid in $98,520. The [U]average SS benefit recipient [/U] gets $1543/month. X 12 months, they get $18,560 per year. It would only take 5.3 years of benefits to equal what [U]that average American [/U]worker contributed (paid in) out of his paycheck. No? [/QUOTE]
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