Social Security the Misconception

Throughout my life the words social and security have meant little more to me than the representation of a small blue card in my wallet, a consistent and increasingly significant deduction of funds from my weekly pay-check, and a vague academically-instilled recollection of the potential for long-term future benefit. In fact, it was not until I researched pertinent material for this particular project that I truly learned how markedly beneficial social security will be after …

…solely on income from social security, they also must not rely solely on related health insurance. The social security benefit formula is designed so that if an individual who maintains average earnings all through their working life and retires at full retirement age, (currently 65), will have a social security benefit equalling approximately 40% of their earnings just prior to retirement. If! , however, a retiree had minimum wage earnings all of their life, social security ------------------------------------------------------------------------ **Bibliography**