The first beneficiary of Social Security was Ida May Fuller in 1940.  Though she had only paid in a total of $24.75 over three years of taxes, her first monthly retirement benefit check was $22.74.  Over Ida’s lifetime she received income of almost $23,000, an amount approaching 1,000 times what she put in.

According to LPL’s Lincoln Anderson, Americans in their 40’s and younger will receive a negative real (adjusted for inflation) rate of return, or effectively less than what they paid in.


In its early days there were 42 workers per retiree.  Today there are 3.4 workers per retiree and it is estimated that there will be two or less workers per retiree by 2046.

Source: Social Security Administration, The Boomer Century (PBS) and LPL Financial Services. Copyright © 2007 MWBoone and Associates, LLC  All Rights Reserved. MWBoone and Associates is a Registered Investment Advisor. Further disclosures at Securities offered through Linsco/Private Ledger Member FINRA/SIPC.