But it turns out that the earliest beneficiaries, from back when the program was created in the 1930s, were actually the ones who received more money than they paid in.
However, the Center for Retirement Research found the boomer cohort born between 1946 and 1964 will actually have paid more into the system than they will receive in benefits.[/QUOTE}
New research from the Center for Retirement Research at Boston College finds that it was the earliest beneficiaries who received more money than they paid into Social Security. And policy changes made in the 1930s helped set the program up for the funding shortfalls it faces today.
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