Have you noticed, the Social Security check is now referred to as a ===> FEDERAL BENEFIT CHECK
I'll be part of the one percent to forward this. I am forwarding it.
Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as
A Federal Benefit Payment.
This isn't a benefit. It Is earned income! Not only did we all contribute to
Social Security
but our employers did too.
It totaled 15% of our income before taxes .
If you averaged $30K per year over your working life, that's close to $180,000
Invested in Social Security.
If you calculate the future value of your monthly investment in social security
( $375/month, including both your and your employers contributions) at a meager
1% Interest rate compounded monthly, after 40 years of working you'd have
more than $1.3+ million dollars saved!
This is your personal investment .
Upon retirement, if you took out only 3% per year.
You'd receive $39,318 per year, or $3,277 per month.
That's almost three times more than today's average Social Security benefit of
$1,230 per month, according to the Social Security Administration.
(Google it - its a fact)
Y our retirement fund would last more than 33 years (until you're 98 if you
retire at age 65)!
I can only imagine how much better most average-income people could live in
retirement if
our government had just invested our money in low-risk interest-earning accounts
.
Instead, the folks in Washington pulled off a bigger ponzi scheme than Bernie
Madoff ever did.
They took our money and used it elsewhere.
They forgot (Knew) that it was OUR money they were taking.
They didn't have a referendum to ask us if we wanted to lend the money to them .
And they didn't pay interest on the debt they assumed .
And recently, they've told us that the money won't support us for very much
longer .
Is it our fault they misused our investments?
And now, to add insult to injury, they're calling it a benefit ,
as if we never worked to earn every penny of it.
Just because they borrowed the money,
doesn't mean that our investments were a charity!
Let's take a stand.
We have earned our right to Social Security and Medicare.
Demand that our legislators, Republicans and Democrats,
bring some sense into our government .
Find a way to keep Social Security and Medicare going,
for the sake of that 92% of our population who need it.
*Then call it what it is:
"Our Earned Retirement Income"
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