Most Put More into Social Security than They Will Receive: Report

John Ransom | March 04, 2015 12:03 PM

According to an article in Journal of Retirement the lifetime contributions to Social Security by many of today's workers will exceed the amount of the benefits even though today's workers are expected to live longer.

The author of the article says that the net cost of participating in Social Security for an average worker today is roughly five years of their lifetime earnings.

The biggest losers are high earning married couples who are expected to lose over $665,000 in the course of their lifetime. The only winner in the medium earning category is a married couple with one earner only.

They net about $151,000.

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