They get much more out of it than they paid in. The younger cohorts get much less out of it than they paid in.
Thats not insurance, that’s generational fraud. It’s a ponzi scheme.
That's highly dependent upon the individual and their earning status, but the majority of people receive less than they contribute.
https://freefacts.org/resources/how-much-money-will-i-pay-in...
That's highly dependent upon the individual and their earning status, but the majority of people receive less than they contribute.
https://freefacts.org/resources/how-much-money-will-i-pay-in...