08-17-2013, 12:21 PM
Last post today due to limit, but yes, it was 25 yrs ago but I got an "A" in a macroeconomics class, and numerous history classes.
I did look up some very conservative stats, and a couple retiring in 2011 who made an average of 89,000/yr for their earnings had paid 114,000 in medicaid taxes over their working careers and 614,000 in social security taxes. They expect to use a benefit of 355,000 in medical services and 555,000 in social security benefits, over the course of their retirements. This is a benefit of 114+614-355-555 thousand- which ends up a deficit of 182,000 dollars. This info was off of the "nationalreview.com" website.
I did look up some very conservative stats, and a couple retiring in 2011 who made an average of 89,000/yr for their earnings had paid 114,000 in medicaid taxes over their working careers and 614,000 in social security taxes. They expect to use a benefit of 355,000 in medical services and 555,000 in social security benefits, over the course of their retirements. This is a benefit of 114+614-355-555 thousand- which ends up a deficit of 182,000 dollars. This info was off of the "nationalreview.com" website.