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Social Security Dilemma: Should the Rich Pay More?


Social Security Dilemma: Should the Rich Pay More?

Though Social Security and Medicare are both vital programs that provide a financial foundation for seniors in retirement, it's arguably Social Security that's currently the more important of the two for the average American.

According to an Urban Institute study that examined the estimated lifetime benefits of Social Security and Medicare for an average-earning male ($47,800 salary in 2015 dollars), lifetime Social Security benefits ($294,000) are expected to top lifetime Medicare benefits ($195,000), net of premiums, by $99,000. 

Image source: Getty Images.

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Source: Fool.com


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