The average person receives about $450,000 from Social Security over their lifetime.
But if you paid $10,918 per year from age 18 to 67, that’s over $530,000 invested—meaning you’re actually losing money.
Counter-offer:
Instead, invest just $5,000 a year into the S&P 500. Historically, it averages around 10% returns, but let’s be conservative and assume only 5%.
You’d end up with just over $1 million—and it’s your money. You can access it when you need it, and if you die, it goes to your family. Not the government.
Yes, Social Security also covers disability—about 13% of total benefits. Fine. Tax everyone $1,000 a year to fund that separately.
Everyone still comes out ahead.
Social Security is a Ponzi scheme run by the government.