quick social security question

Discussion in 'Chit Chat' started by drcha, May 20, 2010.

  1. drcha


    Not really sure where to post this.

    In the US, the government sends us a social security estimate each year. It contains sentences like this one:

    "If you continue working until you are 99, you will receive $102 per month in benefits."

    Does this mean I will receive $102 when I am 99? Or does it mean I will receive $102 in 2010 dollars when I am 99?

  2. It means you will receive $102 in 2010 dollars when you are 99. That number is likely to go up though in later years(unless the economy collapses then it will go down)
  3. drcha


    Thank you. I agree--I expect the 99 will go up :) So I had better eat all my veggies and exercise....