Above is an interesting article on social security for the wealthy versus everyone else. If the top 1% retire at the age of 66 and live until the age of 87 then they will end up with more money than they and everyone else paid in social security tax. Their internal rate of return would be 1.07%.
For those who are making about $30,000 per year, their internal rate of return would be 2.57%, which is significantly higher. This is nice to see, but these numbers are only true if they both live to be the same age.
Studies have shown that the rich tend to live longer, therefore receive more social security benefits.
After reading this article what do you guys think? Is social security another scam?