Not exactly. Especially the older retirees; what they collect is far beyond their contributions.
As an extreme example, Ida Mae Fuller paid $22 in FICA deductions; she collected $22,000.
“Not exactly. Especially the older retirees; what they collect is far beyond their contributions.
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My mother paid about $200.00 into SS and collected roughly $62,000 when she died at 91.
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