Episode 122: Changing the Rules for Social Security
Words & Numbers
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The Internal Rate of Return
The median white male in the US can expect to pay about $250,000 in Social Security taxes over the course of his career. The interest rate adjusting for inflation for that median white male is about one third of a percent. That's the world's worst investment return if ever I've heard it. But what it looks like is you're making $30,000 on a quarter million dollar investment. Pay in $250k, get back to $80 after 50 years.
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