Warren Buffett Pays This Much Into Social Security Each Year
Vermont Senator and Democratic presidential candidate Bernie Sanders (I-Vt.) once referred to Social Security as our nation's most successful social program. And he's absolutely right.
Since its inception in 1935, and the first payout in 1940, Social Security has consistently helped to keep retired workers above water. Today, more than 15 million retirees are lifted above the federal poverty line as a direct result of their monthly Social Security benefit, with an estimated 62% receiving half of their income from the program.
It's also been a vital program with regard to providing income to the long-term disabled, as well as the survivors of deceased workers (spouses and young children). When combined with retired workers, more than 22 million of the 63.6 million people receiving a Social Security benefit are being pulled out of poverty because of their guaranteed monthly payout.
Source Fool.com
