I did math. It should be acurate as I have check it three times. However, if anyone finds any discrepancy please email me to let me know and I will fix it as soon as possible.
Years
Received
Received
Amount
Per Month
Per Month
Amount
Per Year
Per Year
Total
Progressively
Progressively
1
$1,000
$12,000
$ 12,000
2
$1,020
$12,240
$ 24,240
3
$1,040
$12,480
$ 36,720
4
$1,060
$12,720
$ 49,440
5
$1,080
$12,960
$ 62,400
6
$1,100
$13,200
$ 75,600
7
$1,120
$13,440
$ 89,040
8
$1,140
$13,680
$102,720
9
$1,160
$13,920
$116,640
10
$1,180
$14,160
$130,800
11
$1,200
$14,400
$145,200
12
$1,220
$14,640
$159,840
13
$1,240
$14,880
$174,720
14
$1,260
$15,120
$189,840
15
$1,280
$15,360
$205,200
16
$1,300
$15,600
$220,800
17
$1,320
$15,840
$236,640
18
$1,340
$16,080
$252,720
19
$1,360
$16,320
$269,040
20
$1,380
$16,560
$285,600
When I first started to write this publishment I had thought of a few other things about social security and how it could be improved, but then I realized that there were better ways to do it. After all, social security is a mandatory tax, as long as it is of the people, by the people, for the people, and should only be what would be necessary, and no more. However, I did do the math up to 60 years, so I will post it here, just for informational purposes.
21
$1,400
$16,800
$302,400
22
$1,420
$17,040
$319,440
23
$1,440
$17,280
$336,720
24
$1,460
$17,520
$354,240
25
$1,480
$17,760
$372,000
26
$1,500
$18,000
$390,000
27
$1,520
$18,240
$408,240
28
$1,540
$18,480
$426,720
29
$1,560
$18,720
$445,440
30
$1,580
$18,960
$464,400
31
$1,600
$19,200
$483,600
32
$1,620
$19,440
$503,040
33
$1,640
$19,680
$522,720
34
$1,660
$19,920
$542,640
35
$1,680
$20,160
$562,800
36
$1,700
$20,400
$583,200
37
$1,720
$20,640
$603,840
38
$1,740
$20,880
$624,720
39
$1,760
$21,120
$645,840
40
$1,780
$21,360
$667,200
41
$1,800
$21,600
$688,800
42
$1,820
$21,840
$710,640
43
$1,840
$22,080
$732,720
44
$1,860
$22,320
$755,040
45
$1,880
$22,560
$777,600
46
$1,900
$22,800
$800,400
47
$1,920
$23,040
$823,440
48
$1,940
$23,280
$846,720
49
$1,960
$23,520
$870,240
50
$1,980
$23,760
$894,000
51
$2,000
$24,000
$918,000
52
$2,020
$24,240
$942,240
53
$2,040
$24,480
$966,720
54
$2,060
$24,720
$991,440
55
$2,080
$24,960
$1,016,400
56
$2,100
$25,200
$1,041,600
57
$2,120
$25,440
$1,067,040
58
$2,140
$25,680
$1,092,720
59
$2,160
$25,920
$1,118,640
60
$2,180
$26,160
$1,144,800