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Then and Now: A Sobering Look at Social Security Earnings

By
Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006

You want to look at some sobering news? Check out that Social Security statement the government so thoughtfully sends out from time to time. It shows you all the years you have worked and how much you reported to the government for each of those years.

My first job was in 1969. I reported $423 in earnings that year. I was 17, a senior in high school and worked 8 hours a day at the Tick Tock Diner in downtown Minneapolis as a counter waitress. That was the year that school time went into flex mode. I had my own apartment. My friends thought I was a nurse because I wore a uniform to work. I worked the 4-PM-to-midnight shift. Never sat down on the job.

I used to listen to The Who on the juke box. One of my favorite songs was I'm Free. And freedom tastes of reality. That was a joke.

I hated waitress work. With a passion. All that smiling, being nice to mean, grumpy old people who couldn't be bothered to leave a dime on the counter no matter how many times I refilled their coffee cup. It's amazing that I ever went into real estate with that attitude.

Today, I earn more than $423 a day. Hey, I'm a Sacramento short sale agent, what can I say? Most top producers in real estate earn at least that amount. Not as much as a country singer superstar, though. I see in Parade magazine that Carrie Underwood went from earning $15,980 a year in 2004 as a waitress to $20 million today.

Hey, I have a question for you: When did Country Western music lose the "western" part? Probably when it went from being all twangy and hillbilly-like to something normal people can sing without sounding retarded weird. I would say retarded but that word has been banned and is no longer PC. I make fun of Country Western because that was my father's favorite music. See, this is what happens when you grow up with the Beatles. You don't care who you insult.

Or, maybe that attitude just comes with turning 60.

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

Comments(9)

Beth and Richard Witt
New York, NY
The best Retired Brokers !!!!

Hey Elizabeth... Happy 60.. Enjoy and look forward to 70! - Beth

Apr 15, 2012 12:50 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

The Western part of Country I think left it when more Pop and Country crossed. Yes those entertainers, some of them, make the astronomical bucks. Shows how fast life can change from waitressing days... Well if you are 60 you look 35 so good for you Elizabeth.

Apr 15, 2012 12:56 AM
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Fun post Elizabeth.

I think it is time we all look at those SS Earnings to get a realization of where we are today.

Thanks for the reminder.

Apr 15, 2012 01:06 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Hey Beth: I'm not quite 60 yet. Still have a couple more months of being 39, just like Jack Benny.

Hi Gary: I do remember Country Rock, that's sort of how Wilco started. And I really like Bluegrass music.

Hi Tom: They made it so you can't pull full benefits until you are 70. And without changes to our system, by 2036, the Social Security Trust Fund will pay only 77 cents for each dollar of scheduled benefits. Did you know THAT?

Apr 15, 2012 01:14 AM
Barbara S. Duncan
RE/MAX Advantage - Searcy, AR
GRI, e-PRO, Executive Broker, Searcy AR

Elizabeth, that's another fun blog.  I think country music today stinks so I listen to the OLD country music.  George Jones can make you cry anytime.  Congratulations on being 60 and earning bunches of money!!

Apr 15, 2012 02:59 AM
James Dray
Fathom Realty - Bentonville, AR

Well Happy Birthday whenever it is this year.  I see you putting up with grumpy old people hasn't changed you're still doing it except in this line of work it's personal with them.  Enjoy the day

Apr 15, 2012 09:41 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Hey Barbara: Well, it sure does beat making four hundred bucks a year and standing on your feet all day.

Hi James: Yeah, I also put up with grumpy young people. Being grumpy isn't limited to just us old fogeys, you know.

Apr 16, 2012 01:06 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

I love looking at that statement from the government.  It makes me feel good to see how far I've come.  Then it gets under my skin to think I'm likely never going to see the money the government sucked out for social security.  Oh well.

Apr 16, 2012 01:34 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

You will, Chris Ann. Just not as much as you thought. You're in your 40s, right? So 24 years from now, you'll be collecting 77 cents on every dollar of benefits you would have received if there was enough money there. Unless something changes. You younger people gotta make waves.

Apr 16, 2012 01:39 AM