Originally Posted by enjoyinglife102
Whenever I see data like this, it just raises my concerns about how much social security a lot of us will see. One of the proposals which is particularly irksome to me is to set a minimum payout that everyone will receive regardless of what they paid in. SS is so incredibly skewed already to those who have contributed the least.
There's already a minimum payout. It's called Supplemental Security Income. Usually associated with the young who become disabled before earning enough SS credits. But there is also a provision that allows for those 65 and older to receive it. The current benefit is about $700 a month. If the person has a SS benefit that is less than that, SSI makes up the difference.
So anyone, disabled or not, who makes it to age 65, gets a minimum of $700 a month. Even if they never worked a day in their life.