Interesting comment post I just read about Social Security on visual.ly
from David Glenn in Nashville, TN:
"I will have paid over $200,000 into this program over 50 years of work. Applying the future present value of that about over said 50 years at a conservative compounding monthly rate of 3%, it should be nearly $894,000. Assuming the current life expectancy of 82 year for males, that would be 17 years that I would receive that benefit for which I have paid in for 50 years. The SSA concedes a 78% payment on every $1000 of benefits scheduled. If I had this in my bank account I could draw about $4,382 per month. According to the SSA my monthly benefit would be around $2,400."