Learn Liberty calculated average likely “returns on investment” upon retirement from Social Security.
The Social Security program was launched by the U.S. government during the 1930s with millions of dollars of pro-government propaganda. (Criticism of the program within the federal government was censored.)
During the 1980s, Harvard economist Martin Feldstein found that Social Security DECREASED the savings of the average American by 30 to 50 percent. This had the impact of DECREASING overall GDP by at least 3 percent–meaning that the country as a whole is discernibly poorer today than it would have been without the parasitic program.
The Social Security program provides returns of around 1 percent above inflation. Average returns from average investments (in the stock market for example) would yield at least 5 percent.
This means that a hypothetical average worker would retire with a nest egg of $900,000 if not for Social Security. The average worker is robbed of some $600,000 by the program.
