DanM wrote:
After I collect Social Security for 4 years, I will start to receive more than I paid into it. It's all gravy beginning at age 66.
Turning on the spigot 15 months from now. WOO HOO !!!
While Medicare is a windfall for most people (the benefits received greatly exceed that which was paid in), the same is not true of social security. Low earners and particularly low earning couples with only one working spouse will receive more than they paid in, high single earners will not recoup their contributions without a very, very long life.
https://www.urban.org/research/publication/social-security-medicare-lifetime-benefits-taxes-2020