1. an individual starting social security benefits at age 62 has contributed sufficient funds to make 13 years of payments
2. benefits paid beyond 13 years must be paid to the retiree by others who are currently working
3. benefits paid to others in the retiree's family who qualify could receive payments equaling over 200% of what the retiree receives
Those who really want to know how Social security benefits are funded should review this statement and be an educated voter rather than swayed by rather loud political voices. The analysis also explains how you can get your own statement.