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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (489062)6/19/2009 10:44:05 AM
From: i-node  Read Replies (2) | Respond to of 1578092
 
It takes the most from people in their prime earning years; generally not younger workers. A wild guess is that people 40-60 contribute well over 65% (no data but makes sense).

More evidence you don't have a clue.

While peak earning years are ages 45-54 (not to 60), the mean earnings for people 45-54 are only slightly higher (couple thousand) versus those aged 35-44.

As a result, the age category 35-44 earns 20% MORE collectively than either the categories 45-54 or 25-34, which are both about the same. Broken down, those under age 44 provide probably 70% of the money that is being paid out to current retirees.



To: Road Walker who wrote (489062)6/19/2009 1:13:06 PM
From: bentway  Read Replies (2) | Respond to of 1578092
 
I think part of trimming SS will be cutting it for the older people that don't need it. The (R)'s will howl like banshees!