↻ Reposted
@Heartiste Here’s a nice little story of the life of the first ever recipient of social security in America:
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The first person to draw social security was Ida May Fuller […] Ida May never married and had no children. She lived alone most of her life […] Miss Fuller filed her retirement claim on November 4, 1939, having worked under Social Security for a little short of three years.
“When I got my first check, I didn’t even stop to look at the number on it,” she told a reporter. “I just cashed it. I wanted the money.” […] In 1950, Congress passed an increase in Social Security benefits that boosted Fuller’s monthly check from $ 22.54 to $ 41.30. […]
In 1954 she told the press that she supported another increase proposed by President Dwight D. Eisenhower. “I do hope it passes,” she said. […] Fuller, who never married or had children, defied all the actuarial tables. She collected more than 400 monthly checks before her death in 1975 at the age of 100.
Fuller received quite a healthy return on her contributions to the Social Security system. For three years prior to her retirement, she paid $ 24.75 of payroll taxes into the federal safety net. In the 35 years after her retirement, she received $ 22,888.92 in benefits, 924 times what she contributed to the program.
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Does that sound sustainable to you, folks? Let’s tie that information together with this chart:
