Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.3 4.3bsd-beta 6/6/85; site ucbvax.ARPA Path: utzoo!watmath!clyde!burl!ulysses!mhuxr!mhuxn!ihnp4!ucbvax!fagin From: fagin@ucbvax.ARPA (Barry Steven Fagin) Newsgroups: net.politics Subject: Re: Some numbers on Social Security Message-ID: <10163@ucbvax.ARPA> Date: Fri, 23-Aug-85 16:05:53 EDT Article-I.D.: ucbvax.10163 Posted: Fri Aug 23 16:05:53 1985 Date-Received: Sun, 25-Aug-85 00:07:35 EDT References: <213@investor.UUCP> <257@ubvax.UUCP> <9222@ucbvax.ARPA> <1568@mnetor.UUCP> Reply-To: fagin@ucbvax.UUCP (Barry Steven Fagin) Distribution: net Organization: University of California at Berkeley Lines: 32 In article <1568@mnetor.UUCP> sophie@mnetor.UUCP (Sophie Quigley) writes: >> >> Social Security Real Rates of Return for Different >> Family Combinations >> >> etc..etc..etc.. (lots of ngative returns and a few very low positive ones. >> -- >> Barry Fagin @ University of California, Berkeley > >I noticed one very interesting trend in the "family combinations" chosen: >Even though it looks very complete, it is missing one very important family >combination (the one with highest return I would assume), single parents. >Why is this? single parents are not an anomaly anymore (were they ever?) >-- >Sophie Quigley >{allegra|decvax|ihnp4|linus|watmath}!utzoo!mnetor!sophie You are correct; single parent family figures were not included in the study. Calculating the rate of return for them would be informative. Indeed, if you are the survivor of a deceased parent, Social Security is probably an outrageously good deal, since you can start collecting benefits before you even think about working. These benefits are available regardless of how much money you make; the surviving children of millionaires get just as much as the surviving children of the poor. The fact of the matter remains that Social Security sticks it royally to the Joe and Jane Averageworker of today. The more people become aware of this, the greater the chances of *real* Social Security reform. --Barry -- Barry Fagin @ University of California, Berkeley