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Politics : Ask Michael Burke

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To: Thomas M. who wrote (84784)	11/2/2000 1:07:49 PM
From: Les H	Read Replies (2) of 132070

Aren't those the ledger entries (er, interest payments) for the non-marketable securities in the SS trust fund where the interest rate was set back in the 50's? The obligations are compounded using the CPI so those ledger entries are basically useless. Since they're assuming a 2 to 3 percent CPI as far as the they can see, how much of an average person's annual living cost will Social Security be able to cover in 25 years? At present, the average payout is $ 800 per month. 25 years at 3 percent is approximately $ 1600 per month by 2025.

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