Toro
Diamond Member
It is estimated that for the average couple aged 65, each earning $43,500 a year, over their lifetime, they will on average pay $598,000 in SS taxes and receive $556,000 in SS benefits. They will pay $119,000 in Medicare taxes and receive $357,000 in Medicare benefits. In total, the couple will pay $717,000 in taxes and $913,000 in benefits, or $196,000 more than they received.
For an average couple aged 46, each earning $43,500 a year, they will pay $917,000 in taxes for SS and Medicare and receive $1,226,000 in benefits, or $309,000 more than they receive.
The study assumes a 2% real rate of return.
Social Security and Medicare Taxes and Benefits Over a Lifetime
http://www.urban.org/UploadedPDF/social-security-medicare-benefits-over-lifetime.pdf
For an average couple aged 46, each earning $43,500 a year, they will pay $917,000 in taxes for SS and Medicare and receive $1,226,000 in benefits, or $309,000 more than they receive.
The study assumes a 2% real rate of return.
Social Security and Medicare Taxes and Benefits Over a Lifetime
http://www.urban.org/UploadedPDF/social-security-medicare-benefits-over-lifetime.pdf