I understand we use a pay it forward system where my money is not technically my money, however, even cutting what I put into SS in half (thinking half for widows and orphans and half for me) the amount I have put in to date (I’m 58) with interest calculating yearly bond rates that SS says they invest in comes to $1.3 million.

At the amount they are going to pay me monthly, not even assuming that $1.3M was in an interest bearing account, I would have to live 99 MORE years after 67 to collect it all.

My question is really why has AARP or any other group brought forth a class action lawsuit against them taking so much of my income and giving so little back?

I’d be OK if I had even a quarter of the amount back that I put in.

Thanks,

Don

Hi Don,

My expertise is limited to Social Security benefits, so I'm unable to address the merits of your argument. All I can tell you is that the Social Security program was passed into law by Congress in 1935, and only Congress can make changes to the law. Numerous court challenges have been filed questioning the legality of the program, but so far the Social Security Act appears to be settled law. Some of the court cases that have challenged the constitutionality of Social Security and the rulings involved are summarized on Social Security's website: https://www.ssa.gov/history/court.html.

Best, Jerry