@cicerone imposter,
1954 + 44 = 1998
1998 + 35 = 2033
21 + 44 = 65
65 + 35 = 100
I analyzed the current (since 1990) SS system to show that what it was receiving from salaried people would not be enough to pay for even 6 years of their retirement.
I used the payment I am receiving, assuming that SS was annually paying me the same or less than what younger retirees are getting per dollar from their deductions, to make it more evident that SS has to be subsidized by other government revenue, or by government deficit spending.
Finally, I wanted to show that the purchase with SS deductions of US Savings Bonds paying less than 4%, would do better to reduce federal spending, while providing for worker retirement, than does the current SS system.
My starting annual salary at age 21 was $4,000. My last annual salary at age 65 (in 1996) was $64,000. I guess most retired people earn less, but now receive more from SS than my annual SS retirement income of $19,608.