How U.S. Social Security Benefits Compare to Other Developed Nations (They're Worse)

U.S. social security benefits significantly lag behind those of other OECD countries, with U.S. workers contributing a higher percentage of their income to the system while receiving less in return. For instance, the average male pensioner earns 7.4 times their last year's salary in retirement benefits, which is lower than the average 10.1 times across OECD countries. Furthermore, the average U.S. pension payment replaces only 50.4% of a person's income, highlighting a disparity in the retirement funding system, coupled with a growing retiree demographic and a declining working-age population.

The average U.S. male pensioner receives the equivalent of 7.4 times his last year of income throughout his retirement, below the OECD average of 10.1 times income.

Americans contribute more of their income to social security, and yet their benefits lag significantly behind those of other OECD countries, highlighting inequality in retirement funding.

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