Lifetime earnings, your highest 30 years average.Could use some clarity on this: Does the SS Admin base your monthly amount on the average of your salary in the 5 years before retirement?
If so....for a Boomer (Jones?) who decides to go part time before quitting,...this could seriously hurt their monthly SS payment. Any folks encounter this situation?
It also skews greatly toward the lower earners. My dad was a machinist, so he was solidly a middle income earner, he died at 55, my mom took survivor benefits when she was 60, gets 1800/month roughly. Really not bad at all, before she had a stroke and came to live with me she lived comfortably entirely off SS.