How Social Security benefits are calculated on a $50,000 salary

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Information How Social Security benefits are calculated on a $50,000 salary

Title	:	How Social Security benefits are calculated on a $50,000 salary
Lasting	:	2.56
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Views	:	72 rb

I’m not sure if I will reach 65 years old in my life! Therefore I will never invest on retirement in USAbrbr😂😂😂
Comment from : Goldy Baroa

Social Security benefits play a crucial role in retirement planning for many Americans The amount you receive is determined by various factors such as your income, birth year, and the age you choose to start taking benefits For example, if you had a lifetime average salary of $50,000 and started receiving benefits at age 62, you could expect around $1,900 per month It's important to note that these figures are subject to change and individual circumstances may vary While Social Security is an essential part of retirement income, it's crucial to save and invest for your future to ensure financial security So, how are you currently preparing for your retirement? Are you exploring additional investment options beyond Social Security?
Comment from : Stop Being Sold® Media

Yes, the US government has borrowed money from the Social Security trust fund in the past br brThe Social Security trust fund collects more in payroll taxes each year than it pays out in benefits The excess funds are invested in US Treasury bonds, and the interest earned on those bonds is added to the trust fund br brHowever, the government has sometimes borrowed money from the trust fund to finance other government programs, such as infrastructure projects, defense spending, and other government expenses This borrowing is accomplished through the sale of special-issue Treasury bonds to the Social Security trust fund br brThe government is required to pay back the funds it has borrowed from the Social Security trust fund, with interest As of now, the US government owes over $28 trillion to the Social Security trust fund The government is required to repay this debt, and failure to do so could potentially jeopardize the stability of the Social Security program in the future
Comment from : Skitz Daniel

Seniors don't need a COLA This money should be used to support the great people of the Ukraine
Comment from : harold carson

I invested in stocks!!! I am retiring next yr at 55 with 3 houses paid off worth 45 million One is my place of residence the other 2 properties will give me $80,000per/yr rent I will have an income stream of $20,000 per yr through my super which gives me total $100,000 a yr to live comfortably I have no debts Stay Motivated!!
Comment from : Wedson Olivia

Seniors had their entire working lives to save They shouldn't be dependent on the SS taxes their children pay to support themselves SS is Federal welfare and should be abolished
Comment from : Tom Blevins

Big ups to everyone working effortlessly trying to earn a living while building wealth I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts Currently living smart and frugal with our money Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income brThanks to fire movement //!
Comment from : David Foresto

Okay how about the Medicare part that comes out of our paycheck? Is there a retirement benefit for that with some kind of calculation? Or is it only Social Security that we receive money for?
Comment from : Anttjuan Reid

Federer
Comment from : Yum yum

Why do I get only $58900 s monthly I’m straggling I can’t afore Housing is unfair the system or laws is sucks
Comment from : Henry Rodriguez

Do I get extra income check if I’m diagnostic with mental illness
Comment from : Henry Rodriguez

Is SSN considered income? And we pay tax on it?
Comment from : IC1101

Nothing but a ponzi scheme!
Comment from : david broadhurst

If you are fat, take it at 62
Comment from : Walter Knox

I finally got my parents into the US They have never worked in America How can I get them a Federal welfare check, SS,brlike all of their neighbors receive?
Comment from : Juan Garcia

I came to America at 45 and worked for cash I'm 66 and would like to know how I can collect a Federal welfare check like other American seniors who are over 62 Thank you!
Comment from : Richard Argst

I made approximately this much and at 62 ssgov says i’ll get almost 1800 at 62
Comment from : Steve F

how about ave 12000 for us navy more house ajc temp service ace hareware
Comment from : nathaniel hart

it blows my mind that the average worker only makes 50k a yearhow was it even possible that they got themselves into that situation?
Comment from : U Anonom

I live in a complex full of old people Everyone I speak with is getting a monthly Federal welfare check I mostly worked for cash How can I collect a monthly welfare, SS, check?
Comment from : Ed Rodgers

Not much to explain, SS is Federal welfare for those mostly over 62 Socialism at it's best!
Comment from : Ernie

Social Security is Federal welfare for seniors A totally undeserved benefit
Comment from : Juan Garcia

The money you paid into SS is not and never was yoursbrYou paid SS taxes for the benefit of others who were collecting, not yourselfbrYou never had an accountbrYou cannot take out a lump sum at any time brWhen you die there is no lump sum for any beneficiarybrIt is structured the same as all welfare programs It is welfare
Comment from : Richard Argst

The video said your average yearly income is $50,000 Is this before or after each of your income years is adjusted for inflation?
Comment from : Michael Shimko

This video is a sham It is foolish to begin collecting Federal welfare before you are 70 Why not get the maximum benefit???
Comment from : Richard Argst

Age 62? Are you nuts? Wait until 70 to collect your Federal welfare check Your benefit will be much larger
Comment from : Ed Rodgers

So only a fool would work
Comment from : mahfugga

Life payment all in
Comment from : Spear Winin

If you made minimum-wage all your life you going to be starving to death on Social Security
Comment from : xman577

What if you took that 6200 and got it invested for 40 years in S&P You'd have almost 45 million dollars I hate Social Security
Comment from : purpleliver12

Lol 420
Comment from : Namishki901

Is this calculations correct?
Comment from : max lewis

This is wrong Doesn't CNBC fact check their videos?
Comment from : Hammering Truth

Small Correction: In this example what they shown $1879 will get at age 67 not at the age of 62 If you start getting benefits your amount will reduce
Comment from : Kalyani Mikkilineni