Understanding Social Security

Abstract: 8 pages in length. Explains the Social Security program, why it is likened to a pyramid scheme and the future of Social Security. A person who retired in 1940 earned a return on his contributions of approximately one hundred thirty five percent. Those type rates did not last too long, but the returns were still very good. The rate of return was twenty-four percent for those who retired in 1950, fifteen percent in 1960, and ten percent in 1970. This paper also tells 'the rest of the story'. Includes 2 charts. Bibliography lists 7 sources.

Filename: JGAsosec.rtf

Pages: 8

---

Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

---