I did a calculation one time, based on what I had paid in, a reasonable interest rate, and what my benefits would be at retirement (from that sheet that SS sends to you every year). I will have used up everything I put in, plus interest, by about age 70. Odds are, I will live another 10 years beyond that, still on the gravy train.
How can any system like that "long endure?" Its been a Ponzi scheme from the start (your money is going to pay present recipients, not into a fund for an eventual annuity for you).
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Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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