I found a very interesting article from Personal Liberty Digest.
“Almost one-third of those receiving government benefits — 49.9 million — collected Social Security. That is the government’s huge Ponzi scheme that steals from the workers to give to retirees. For those who retired prior to 2000, it was a great deal. Workers who retired in 1960 paid on average $36,000 in Social Security taxes and received lifetime benefits of $259,000. Those who retired in 1980 paid an average of $192,000 in Social Security taxes and received $452,000 in benefits. The average 2010 retiree had paid $558,000 in Social Security taxes but the expected lifetime outlay will be only $555,000. Projections for the 2030 retiree are for lifetime benefits of $699,000 on Social Security taxes of $796,000.”
Read the entire article, it is very interesting.