Reply to What Would You Be Willing to Do to Save SS?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]8:15 here. My mom has a Jitterbug and this does seem like a problem.

You're also talking about the progressive benefit formula. Do you have a source for your numbers on contributions vs. benefits, because they don't seem right.[/quote]

Social security website was the source.  Actual numbers from friends and relatives.  Because of the max earnings people feel free to discuss it-not a subject like actual earnings.   Retired teachers /cops etc in major cities [high cola areas] should really be complaining via unions to elected officials about medicare premium surcharges beginning at 85k retirement.  Now that is just grossly unfair.

[/quote]

Retirement security person here. For really low income people, the annual benefit is about 90% of their wages when they were working. For middle income people, the rate is about 35-40%. For the highest earners at the cap, their annual benefit is about about 25% of their salary before they retired. I haven't seen your figures for low earners as a ratio to high earners for contributions. If you have a link I'd be happy to take a look.

It's true that living standards vary by area.[/quote] Please don't confuse people with actual facts.   :) [/quote]

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