SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (238787)2/20/2008 4:10:31 PM
From: TimF  Read Replies (1) of 793928
 
You mom may have made out like a bandit. But now? Say some person currently 40 does live to 92. He isn't likely to make out like a bandit. First there is a good possibility of benefit cuts, or retirement age increases before than, but even if neither happens he's paying SS taxes at a higher rate than the average of what you mother paid, also you have to consider the time value of money. Getting paid the same as what you put in isn't really breaking even. Getting twice what you put in isn't close to making out like a bandit. At least not if your talking nominal dollars. Even if your adjusting for inflation and you get 1X or 2X of what you put in, in real dollar terms, you aren't making out like a bandit, you would likely have gotten much more than 2X if you had invested your money for all those decades.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News