I Calculated My Social Security Contributions - Here's What I Discovered About My Benefits
Briefly

A Reddit user calculated his Social Security contributions and concluded he earned the benefits he would receive, emphasizing that Social Security is not merely a welfare program. Many users echoed agreement, stating it's an entitlement because individuals pay into it. Yet, awareness remains limited for some, who mistakenly believe benefits are provided to those who never contributed. The user’s insights sparked discussions, highlighting the importance of understanding how Social Security is funded and the need for transparency as lawmakers consider potential reforms.
He explained that he had looked up online the amount both he and his employer had contributed to Social Security on his behalf. After doing this calculation, he concluded that nobody is giving him anything he didn't earn.
It's not a gift or a handout. You earned it. I wish more people understood this.
Read at 24/7 Wall St.
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