You are right, and the boomers that are starting to get on what people cal the "dole" have already put in the equivalent of 45 years of on the average $15,000 per year, though until about 1980 the payment were somewhat smaller, I still think the the cumulative value of this savings with compound interest should well exceed $1.5 MM, that should yield at least $75,000 per year, but most will get less than $20,000/year. How can that system be broke, is beyond me, there are some $3 T invested in treasuries and that is much less than should be there, by a good factor of 5 or so. It is kind of late, so I am not sure, if these numbers make much sense. Good night to all night owls.