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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Sedohr Nod who wrote (672211)	2/14/2005 6:45:56 PM
From: Cogito	Read Replies (1) \| Respond to of 769667

>>"Also, the return on Social Security contributions is entirely dependent on one's life span. People with longer life spans and with higher income tend to get quite a good return." Care to share some numbers to back that up?...Or is it just one of those "aromatic opinions" I've been hearing about?<< Don - Do you really need hard numbers? This isn't a matter of opinion, it'a question of logic. We know that SS pays out at a constant rate, adjusted for inflation, after a certain age, and keeps paying until a person dies. If one lives twenty or thirty years beyond that age, one will get a greater return on one's SS contributions than a person who lives only ten years beyond it. People with lower incomes have shorter life spans, on average, than people with higher incomes. Thus, low-income workers get the worst return on their contributions. They get smaller checks, and they get them for a shorter period of time. - Allen