Page 12 - Social Security - Beginning to Today

ONE MORE REASON TO CHANGE THE RECIPE

There save Social Security recipe raised the Social Security wage cap
4 times faster than Average wages were gong up resulted in today’s

seniors making tough choices between medication & food

In 1970 the Social Security wage cap was $7,800; average annual
wages were $9,350, or 20% greater than the Social Security wage Wage - $9,350

cap. Maintaining this wage/wage cap relationship meant maximum Wage cap - $7,800
Social Security benefits at retirement time.

BY 1990 the wage cap had increased 558% to $51,300, while the
Wage - $28,930
average wages increased only 309% to $28,930, resulting in Wage cap - $51,300

significant reductions in Social Security retiree benefits.

BY 2010 the Social Security wage cap had increased to $106,800 Wage - $39,423

annually, a whopping 1,369% increase while average wages were Wage cap - $106,800
$39,423, only a 422% increase further eroding Social Security

retiree benefits.

FOR 2019 the Social Security wage cap is $132,800 vs. average wages

of $48,650 or only 38% of the Social Security wage cap. 2019
maximum Social Security retiree monthly benefit is $2,861 at full Wage – $48,650

retirement age. It’s no wonder senior retirees are making tough Wage cap – $132,800
choices between medication and food?

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THEIR RECIPE IS WORKING EXACTLY AS PLANNED?