Well I grew up to a family who both made less than 40k for their entire career, and both worked multiple jobs.
It would have been nice if 12% of their earnings weren't stolen against their will, that they could have invested that instead, and then received none of the benefits when my father died at 69
Well an unfortunate death changes how you’d feel about it but it would have been nice for your father to retire and have an income stream as I hope your mother enjoyed or hopefully is currently enjoying.
I also suspect with those income levels and dependents they got quite a bit back in their returns so that 12% number I don’t think is what ends up being the actual number.
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