https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf 62 million receiving social security.

https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf 62 million receiving social security. Using your numbers, that means 40 million aren't in poverty receiving it, while there are 7 million non-elderly receiving it who are kept out of poverty. My claim, if I make it a bit more wordy is that the elderly receiving social security have more wealth on average than those paying into it. To be a bit more exact, I was referencing those young enough to not be receiving it anytime soon. I didn't exactly give an age range, but we can go to the following site and see some interesting findings. https://dqydj.com/net-worth-by-age-calculator-for-the-united-states/ https://dqydj.com/net-worth-by-age-calculator-for-the-united... For example, $10k for a 25-29 year old was about the 50 percentile. For someone 65+, it is the 12 percentile. You can try a number of data points and see that the trend is that the older have more wealth. >Because most of them are just kept out of poverty by social security. Most? Even with the worst numbers, it is only around 2/5 of the elderly who receive it. Social security is a large regressive tax. It is generally paid by younger people who have less wealth and goes to older people who have more wealth.