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View Diary: New report highlights inequality in the Social Security debate (43 comments)

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  •  Yes there is an error in her SS benefit (8+ / 0-)

    If someone had the time they could plug minimum wage over time and a putative 40 hour a week 50 week a year workload and figure out the maximum amount a life-long minimum wage worker would get. And of course most minimum wage workers don't have 35 years of full time employment from which to average from.

    Or we could just cheat and work off the average SS benefit of $1230 and figure she is somewhere south of there.

    It wouldn't surprise me if the real monthly benefit was closer to $700 than $2700 - SocSec.Defender at - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

    by Bruce Webb on Fri Mar 15, 2013 at 06:21:02 PM PDT

    [ Parent ]

    •  True (1+ / 0-)
      Recommended by:

      But my starting pay was $5.76 an hour. Admittedly, by the time I retired I was being paid around $22 an hour.

      I started out in a typing pool, and at the end of my career was doing more timekeeping and documenting training. (Our auditors are required to have at least 80 hours of training over a two-year cycle.)

      I don't think working at a fast food place would have provided the same advance in salary.

    •  Yep. If I wait until age 70... (1+ / 0-)
      Recommended by:

      ...I will be making $2680 a month. I did work at very low-wage jobs for a long time AND had a several-year hiatus from any paid work, but for 20 of the years I was working I made well over the median income, much less the minimum. So something is off here.

      Don't tell me what you believe, show me what you do and I will tell you what you believe.

      by Meteor Blades on Sat Mar 16, 2013 at 02:21:46 PM PDT

      [ Parent ]

    •  Thanks, I knew the $2700/month figure had (0+ / 0-)

      to be wrong. Even $1700 sounds way too much for the work history given. Too bad not to see a correction/update to the diary.

      Inspiration is hard to come by. You have to take it where you find it. --- Bob Dylan.

      by figbash on Sat Mar 16, 2013 at 04:55:56 PM PDT

      [ Parent ]

    •  I have worked exactly 22 years in the US (0+ / 0-)

      at least 1/4 only part-time and had not one employer who offered a 401-K for 18 out of the 22 years. My income ranged between 34 000 to 52 000. My SS is barely touching $ 1,000.00 a month and if I were to wait til I am 70, I would reach the incredible wealth of a $ 1,250 per month SS check.

      I definitely wouldn't be able to pay my monthly fixed living costs, food and car on that even with a paid off roof over my head.

      So, there is definitely an error in that calculation and apparently it is wrongly assumed or forgotten that not all employers offer a 401 K or a pension plan and not all employers offer you full-time employment all the time.

      You know how much my SS increases each month I work longer than 66? Around $ 15.00.

      If any idiot thinks I will work longer for those misely $ 15.00 they must be very much mistaken.

      And if I look at the jobs my son hold including 5 1/2 military service and never having had a permanent full-time job outside the military, you better don't think about any SS check doing anything but making him a poor guy for the rest of his life and you better believe that Democrats who don't defend real SS benefits can kiss my ass.

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