Created on May 31, 2013
Early recipients of Social Security received more than six dollars in benefits for every dollar paid in Social Security taxes (OASDI). Today and in the future, recipients will receive less than a dollar in benefits for every dollar paid in Social Security taxes.
YEAR BENEFICIARY TURNS 65
... FOR EVERY $1 OF TAXES PAID
BENEFITS RECEIVED ...
Source: C. Eugene Steuerle and Caleb Quakenbush, “Social Security and Medicare Taxes and Benefits over a Lifetime: 2012 Update,” Urban Institute, http://www.urban.org/UploadedPDF/ 412660-Social-Security-and-Medicare-Taxes-and-Benefits-Over-a-Lifetime.pdf (accessed May 30, 2013).
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