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A comment on Will America's debt doom us?. Parent comment

Re:Will America's debt doom us? by wang_li on Monday September 23, 2019 @12:49PM (#21050710)
>I don't know anybody getting $6.6k/mo from Social Security...

Of course you don't. The maximum benefit in 2019 is $3,770/mo for people who retire at 70. If you retire at 66, then the max is $2,861/mo. And these are only what you get if you maxed out 35 years of SS payments. Besides, SS is designed to only replace 40% of your pre-retirement income.

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Re:Will America's debt doom us? by MuffinFlavored on Monday September 23, 2019 @01:23PM (#21051103)
> The maximum benefit in 2019 is $3,770/mo for people who retire at 70.

How much would you have had to contribute between 18-70 to achieve this number?

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Re:Will America's debt doom us? by wang_li on Monday September 23, 2019 @01:26PM (#21051138)
They use the highest 35 years of earnings. So I would assume that you'd need to be over the inflation adjusted annual cap to max out the benefit.
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