Social Security Is NOT a Benefit. Its Earned Income. Attention Please Read.
Pay attention to your next Social Security income, whether you get a check or an electronic deposit....note what it is now called...see below.. Have you noticed, your Social Security check is now referred to as a "Federal Benefit Payment"? I'll be part of the one percent to forward this. I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it. The government is now referring to our Social Security checks as a “Federal Benefit Payment.”This isn’t a benefit – its earned income! Not only did we all contribute to Social Security but our employers did too.It totaled 15% of our income before taxes.If you averaged $30K per year over your working life, that's close to $180,000 invested in Social Security.If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employer’s contributions) at a meager 1% interest rate co