If I could of had the $120,000 I have put in Social Security over my lifetime and invested it into Chipotle and Boeing, I would be a billionaire today. Instead I get a measly $785 a month for the rest of my life..
Dont worry though, because I have other investments bringing in over $400,000 a year in dividends and I invest my $785 a month into more stocks...
Ain't that the truth. Unfortunately I'm guessing none of us would have saved a penny of that $120,000.
My grandmother, God rest her soul, inherited my Grandpa's Social Security and pension. She was making around $1,000 a month back in the 1980s because when he passed away, that was all of her income. Of course both drank and smoked, so while my grandpa died at 80 in 1980, my grandmother lived on to be 102 and died in 2013. Her children had to take care of her, for her last 30 years, because instead of investing, I guess she thought she would be dead like her husband. This is the liberal thought, not to save for the future, because you just might live to be there, but spend like a liberal, rely on others to take care of you, until you pass on...….