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Social Security Numbers: Less Boring Than You'd Think · Stuff You Should Know

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Speaker 1: Brought to you by the reinvented two thousand twelve camera.
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Speaker 1: It's ready. Are you welcome to Stuff you should Know
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Speaker 1: from house Stuff Works dot com? Hey, and welcome to
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Speaker 1: the podcast. I'm Josh Clark, There's Charles W. Chuck Bryant
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Speaker 1: A K A to eight six five four seven five
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Speaker 1: two three D. You can't get out you're so so
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Speaker 1: security number. I thought about that. I thought about what
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Speaker 1: if I like ended up when we were describing like
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Speaker 1: what the different numbers and were, I was like, well,
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Speaker 1: my why happened to be this one? If you listen
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Speaker 1: to the whole podcast, you can put together and so
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Speaker 1: security number. That's like, don't do that, Josh, don't. We
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Speaker 1: should probably beef out what I said anyway, because that
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Speaker 1: might be someone else's Social Security number. Yeah, I don't.
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Speaker 1: I don't want to be responsible for that. Okay, we'll
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Speaker 1: go back and beat that out. That's really some c
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Speaker 1: o A right there. Why how do you know that
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Speaker 1: that person had been like, yes, you know, its called
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Speaker 1: me out Serial number one. I want a contest. I
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Speaker 1: can pay for my own hotel in Atlanta to go
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Speaker 1: see the guys, but just me so um, Jerry like that? Uh, so,
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Speaker 1: chuck ah, do you know much about social security? A bit?
1:19
Speaker 1: You're about to chuck um. The Social Security Act is
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Speaker 1: created by our old timey forbears. Um basically created a scheme,
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Speaker 1: and not scheme in the way of like a carbon
1:36
Speaker 1: trating scheme or something like that. I know you don't
1:37
Speaker 1: like that word, but it's a legitimate word. It doesn't
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Speaker 1: necessarily mean something nefarious. But under this scheme, social security
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Speaker 1: um is given to retiring workers in the in the
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Speaker 1: form of a monthly payment, where basically it says, hey,
1:56
Speaker 1: good job, you did a good job working. Go take
1:58
Speaker 1: care of yourself. We don't want you to die on
2:00
Speaker 1: the street. This should hopefully sustain you in your retirement years. Right.
2:05
Speaker 1: This is before the advent of four oh one case
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Speaker 1: and the like this, this thirty five bucks a month. Right. Well,
2:12
Speaker 1: the whole, the whole basis of it is that the
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Speaker 1: workers of today pay into the Social Security fund and
2:22
Speaker 1: it is immediately taken and distributed dispersed two workers who
2:27
Speaker 1: have retired today. Yeah, so the workers of today are
2:32
Speaker 1: taking care of the workers of yesterday. That's the whole
2:35
Speaker 1: point to what This has led some people to claim
2:39
Speaker 1: that the Social Security program is nothing more than a
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Speaker 1: Ponzi scheme where you're taking the money of these people
2:47
Speaker 1: to pay off other people for socialism. Even Oh, it's total,
2:52
Speaker 1: totally different. It is socialism. Yeah, but people cry socialism
2:55
Speaker 1: a lot these days, and they don't think about things
2:57
Speaker 1: like social security in all the different ways we do
3:00
Speaker 1: have socialism that people are like, oh, that's fine, right, sure, yeah,
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Speaker 1: but well but you can make a case that it
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Speaker 1: is a Ponzi scheme. But Stephen Goss, chief actuary for
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Speaker 1: the Social Security Administration, would take issue with that. I'm
3:15
Speaker 1: sure he would. He would say it's not a Ponzi
3:18
Speaker 1: scheme because the Ponzi scheme is not sustainable. Some might
3:22
Speaker 1: argue that social security is not sustainable, and that is,
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Speaker 1: as we say here in the South, that's a whole
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Speaker 1: another show. Okay, well I want to talk about it anymore. Well,
3:31
Speaker 1: what do you have some numbers on its sustainability? Well,
3:34
Speaker 1: we can chat about it. Here's the thing. So if
3:36
Speaker 1: you if you just if you had zero population growth,
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Speaker 1: this thing would work forever, right, and it would work
3:43
Speaker 1: completely efficiently with no changes whatsoever. Unfortunately, we don't have
3:47
Speaker 1: zero population growth, and we actually had a spike in
3:50
Speaker 1: population that we know of as the baby boom, right,
3:54
Speaker 1: which means that very shortly and starting now, I think
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Speaker 1: um more, there will be way more retired workers than
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Speaker 1: there are workers, Which means that the workers of today
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Speaker 1: are going to have a far greater burden placed on
4:05
Speaker 1: them taking care of these retired workers than any other
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Speaker 1: workers ever have our will. But Stephen goss chief Actuary
4:12
Speaker 1: for the Social Security Administration, says this will eventually work
4:15
Speaker 1: itself out. The government has taken steps to address this.
4:19
Speaker 1: And what is done is raise the amount of money
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Speaker 1: that people throw into this, and they're taking the extra
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Speaker 1: money and the government is buying treasury bonds investing in itself. Now,
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Speaker 1: here's the weird thing. When they come mature these bonds,
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Speaker 1: the government pays these things off with other tax money.
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Speaker 1: So the government is going to pay the Social Security
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Speaker 1: Fund back with other tax money. Now, this will drive
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Speaker 1: people crazy, conservatives, libertarians, umbers right leaning liberals, right fiscally
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Speaker 1: conservative liberals especially, But Stephen Gossa shares it's just a
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Speaker 1: little bump. We're probably not gonna have another population spike
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Speaker 1: for a while, and so security will go right back
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Speaker 1: to normal. It just yes for us right now, Right,
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Speaker 1: the other thing that I never really thought about is
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Speaker 1: it could not have been a sustainable program even to
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Speaker 1: begin with, because you start Social Security and when when
5:18
Speaker 1: was it people started getting paying It paid out, you know,
5:22
Speaker 1: a year later, two years later, and so they weren't
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Speaker 1: paying in that long. So immediately you've got a problem
5:28
Speaker 1: on your hands because people are starting to get payouts
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Speaker 1: that didn't pay in for twenty years. Yes, that is
5:35
Speaker 1: the case, but the payoffs were smaller at first. Yeah,
5:39
Speaker 1: but it still creates a bit of a wrinkle. I
5:41
Speaker 1: think that would a wrinkle in time for the future.
5:44
Speaker 1: I think so. But it was a hump that had
5:46
Speaker 1: to be gotten over, and it was gotten over. Like basically,
5:49
Speaker 1: the first people just got screwed. Yeah. Well, well but
5:53
Speaker 1: they didn't pay in that much either though, So no,
5:55
Speaker 1: and that's true, So they were rightly screwed. Okay, so
5:59
Speaker 1: let's talk about the history of all this chuck. And
6:02
Speaker 1: and by the way, I guess the takeaway from that
6:04
Speaker 1: intro Social Security is considered a what upon CI scheme.
6:10
Speaker 1: I think people are just sitting there like, I know,
6:14
Speaker 1: all right, well you already you already blew the big
6:17
Speaker 1: secret there the act of um it was coined. The
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Speaker 1: name social Security was coined by Abraham Epstein Um, who
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Speaker 1: led the American Association for Social Security. And they began
6:33
Speaker 1: paying out in thirty seven, Like you said, yeah, just
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Speaker 1: just for workers. Right. It was the the the biggest
6:42
Speaker 1: wage earner of a household, basically the dad um got
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Speaker 1: the money as the retiree. Yeah, and it was a
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Speaker 1: lump sum, right. They didn't pay it in monthly uh buckets.
6:52
Speaker 1: Back then, tell him what the first guy who got
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Speaker 1: social Security got his slump sum? Yeah, his lumpsom was
7:00
Speaker 1: uh was it seventeen cents in January nine, thirty seven.
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Speaker 1: He was the first guy that gets Social Security benefits
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Speaker 1: And I looked it up. That's two dollars and fifty
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Speaker 1: five cents in two thousand ten money. Oh well, so
7:14
Speaker 1: even back then he was just like, hey, federal government
7:16
Speaker 1: gets that in my pocket for you. Yeah. Um, Josh
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Speaker 1: just made an obscene gesture. We should just say that. Um.
7:24
Speaker 1: In nine, just two years later, they added survivors benefits
7:27
Speaker 1: and benefits two spouses and children. Uh flashboard of fifty six,
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Speaker 1: they had a disability of benefits. Sixty five, Medicare was
7:38
Speaker 1: signed into law, and in sixty one the I'm sorry.
7:44
Speaker 1: In sixty two, the Civil Service Commission in the I
7:48
Speaker 1: r S adopted the Social Security number as your official
7:52
Speaker 1: federal I D number and taxpayer I D number, respectively,
7:55
Speaker 1: which is a kind of a thing because the first
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Speaker 1: Social Security cards cifically said on them not to be
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Speaker 1: used as identification. Yeah, but they never made a follow
8:05
Speaker 1: up law to enforce it, and so everybody's like, no,
8:07
Speaker 1: this is perfect for identification. Yeah, I always, I'll always
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Speaker 1: remember it because of this card in my wallet. We'll
8:12
Speaker 1: use the mark of the beast is identification. Um, the
8:17
Speaker 1: first numbers, because this is not just about Social Security
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Speaker 1: but more about the numbers, which is more interesting than
8:23
Speaker 1: I thought. Slightly. Yeah, um, it was. They were distributed
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Speaker 1: to the post office because they didn't have field offices yet.
8:31
Speaker 1: So ye, post offices took the initial task. Two. Uh
8:37
Speaker 1: type up. These cards are called typing centers. Yeah. So
8:41
Speaker 1: basically this is, um, this is what I This is
8:44
Speaker 1: the part I entitled bureaucracy. How right. Yeah. The Social
8:49
Speaker 1: Security Um Administration contacted all employers in the United States
8:54
Speaker 1: and said, hey, uh, this is a form SS four
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Speaker 1: and on it you just list the number of employees
9:01
Speaker 1: you have working for you. Mail it back to us.
9:02
Speaker 1: And so all the employers filled out I have fifteen employees,
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Speaker 1: and then mailed the S S four back to the
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Speaker 1: Social Security Administration. So Security Administration opened up the S
9:12
Speaker 1: S fours and they said, okay, this employer has fifteen employees,
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Speaker 1: so we're going to mail him fifteen S S five forms,
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Speaker 1: which are basically signing up for your Social Security number. Right.
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Speaker 1: So they mailed the fifteen back, probably in one package,
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Speaker 1: to the employer, and the employer distributed them among his employees.
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Speaker 1: Employees filled out the S S five forms and they
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Speaker 1: sent them back to the Such Security Administration. Such Security
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Speaker 1: Administration said, okay, now we have these and we're going
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Speaker 1: to assign social security numbers. Right the um they said, hey,
9:48
Speaker 1: go to your post office. The post office gave them
9:51
Speaker 1: the social security numbers. The post office then sent that
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Speaker 1: duplicate form to the Social Security Administration, who created the
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Speaker 1: master file of all of these documents put together, which
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Speaker 1: was your so Security number file, and that was sent
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Speaker 1: to Maryland. Yes, and then in Maryland is where it
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Speaker 1: all came together. That's right. Uh, well what came together there?
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Speaker 1: The numbers, the numbering, the whole thing, your whole file,
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Speaker 1: the block the block file. That's right. So let's talk
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Speaker 1: about the first numbers. Since we're there. Who has it?
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Speaker 1: And is it zero zero one zero one zero zero
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Speaker 1: zero one? Is it the first number? No? Well we
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Speaker 1: should first say that no one knows for sure who
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Speaker 1: got the very first card in the very first number,
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Speaker 1: because they they reckon about several hundred thousand people applied
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Speaker 1: in that first November of ninety six. So I didn't
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Speaker 1: do the math, but there's some I'm sure you could
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Speaker 1: figure out statistically, and I'd be interested to hear how
10:49
Speaker 1: to do this. But um, if a hundred thousand people
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Speaker 1: all got their card that day and the post offices
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Speaker 1: were open from like eight to five, how many people
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Speaker 1: or handed their Social Security number card um simultaneously that day?
11:07
Speaker 1: How many first people were there? There's got to be
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Speaker 1: some awesome math equation to figure that out. Somebody should
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Speaker 1: do that for us. Since the UM so they don't
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Speaker 1: know officially who it was, but their first official record, uh,
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Speaker 1: they do know. UM it was a guy named John
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Speaker 1: David Sweeney Jr. And he had the social Security number
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Speaker 1: oh five five O nine O one and by oh
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Speaker 1: I mean zero of course or aught and he got
11:37
Speaker 1: his because the head of the Social Security Administration took
11:40
Speaker 1: it off the top of the stack, yeah, and said
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Speaker 1: this is the first one. That's right, So there you go.
11:45
Speaker 1: But they did offer that to um oh no, sorry,
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Speaker 1: zero zero one number, the lowest number right on record.
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Speaker 1: Right before we get to there, though, John David Sweeney
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Speaker 1: ironically died before he could collect his uh social Security payments.
12:01
Speaker 1: John David Tweeney is the one with the first security number.
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Speaker 1: So that is very ironic. That's the fact of the
12:07
Speaker 1: podcast if you ask me. Yeah, because retirement age was
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Speaker 1: sixty five and he died at sixty one. Today they
12:13
Speaker 1: handle it differently. It's a little confusing, but actually it's
12:16
Speaker 1: not that confusing. You just have to be good at math.
12:19
Speaker 1: Benefits are reduced by five nights of one per cent
12:22
Speaker 1: for every month you retire before the age of sixty
12:24
Speaker 1: five or rich person. Yeah, it's good for you. So um,
12:31
Speaker 1: so back to the number one oh one or whatever. Yeah,
12:35
Speaker 1: the all time low number holder, who always will be
12:40
Speaker 1: until we start recycling numbers if we ever need to,
12:43
Speaker 1: We we may, we may. Her name is um Grace
12:47
Speaker 1: d Owen. She is of Concord, New Hampshire, or conquered
12:51
Speaker 1: okay um and uh yeah, because we always get mail
12:55
Speaker 1: from people it's like, oh, you pronounced it Nevada, it's Nevada.
12:59
Speaker 1: Or if we say Vada, they say, hey, you pronounced
13:01
Speaker 1: Nevada incorrectly. It's Nevada. No, it is Nevada. But I
13:06
Speaker 1: tell everyone that writes in from Nevada, only people from
13:10
Speaker 1: Nevada say Nevada. Everyone else says Nevada, especially people in Missouri.
13:15
Speaker 1: So um, Chuck Gracedo and of Conquord, New Hampshire got
13:19
Speaker 1: the lowest number zero zero one zero one zero zero
13:23
Speaker 1: zero one number. It was UM. And she got that
13:28
Speaker 1: not because she was first in line, as we've said,
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Speaker 1: different guy got that low number. Uh, or a different
13:34
Speaker 1: guy got the first number and it wasn't low. Um.
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Speaker 1: She got it because of where she lived. Originally, the
13:41
Speaker 1: number scheming was based on well, the first two numbers
13:45
Speaker 1: were based on the state you lived in, um and
13:48
Speaker 1: starting northeast, moving westward, and so you had less than
13:53
Speaker 1: fifty possible primary numbers, the first two first through renas. Yeah,
14:00
Speaker 1: well not even they didn't even have fifty at the time,
14:02
Speaker 1: did they know? That's what I'm saying. So this is
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Speaker 1: a total waste of digits. They figured out very quickly,
14:07
Speaker 1: so they started assigning them to zip codes instead. And
14:11
Speaker 1: we should talk about these numbers. Do you want here?
14:13
Speaker 1: Are we there now? Well, we are almost there. But
14:16
Speaker 1: um you didn't mention that Grace Owen got that number.
14:18
Speaker 1: They actually offered it as an honor to um John
14:22
Speaker 1: g Winnt these Social Security Board chairman, and John Campbell,
14:27
Speaker 1: the Federal Bureau of Old Age Benefits rep for the
14:31
Speaker 1: Boston They offered them both the number oh one oh
14:36
Speaker 1: one oh one and they no, no thanks. We are
14:41
Speaker 1: true bureaucrats and that would be against the bureaucracy's rules.
14:45
Speaker 1: That's right. And seventeen cents to Ernest Ackerman, the first
14:49
Speaker 1: guy to get a payment. Yes, but um iidem A
14:53
Speaker 1: Fuller made out like a bandit. This is exactly the problem.
14:56
Speaker 1: This is not the problem. Mrs Fuller did good things
14:59
Speaker 1: with her money. She brought herself in edzel Um, she
15:04
Speaker 1: uh invested in um uh web band. She did great things.
15:11
Speaker 1: She did um so id to a. Fuller retired in
15:15
Speaker 1: November nineteen thirty nine, and she was the first person
15:19
Speaker 1: to start collecting monthly benefits. So by the time she
15:22
Speaker 1: by the time social Security payments or by the time
15:26
Speaker 1: you had to start paying and because another fact is
15:29
Speaker 1: that you can't opt out UM and the time she retired,
15:33
Speaker 1: she contributed a total of twenty four dollars and seventy
15:36
Speaker 1: five cents because of the Social Security scheme. UM. By
15:40
Speaker 1: the time she died at age one hundred, nineteen seventy five,
15:44
Speaker 1: she collected a total of twenty two thousand, eight hundred
15:47
Speaker 1: and eighty eight dollars and nine two cents. She made
15:51
Speaker 1: out she wore like a bandanna around her face like
15:53
Speaker 1: the rest of her life she did. Yeah, she was
15:56
Speaker 1: a Social Security bandit. Okay, back to the numbers. Enough history,
16:04
Speaker 1: I think so. Um So, the first three numbers they're
16:08
Speaker 1: called what the area numbers, and like you said, they
16:12
Speaker 1: were originally from northeast to west. So like if you
16:15
Speaker 1: were if you lived in New Hampshire, um, you your
16:19
Speaker 1: first three numbers were gonna be zero, zero one. Then
16:22
Speaker 1: they figured out that, well that's stupid, like we're gonna
16:24
Speaker 1: have fifty states tops, so there's a whole number that
16:27
Speaker 1: we're not using. Eventually we're gonna need it. Because social
16:31
Speaker 1: Security numbers aren't recycled, they're retired after the person dies, right,
16:35
Speaker 1: that is true. So then they started assigning them to
16:38
Speaker 1: zip code, so that started using up a lot more numbers, right, yeah,
16:42
Speaker 1: zip code on the mailing address on the application form,
16:44
Speaker 1: which didn't necessarily indicate your residents. It's just wherever the
16:49
Speaker 1: mailing address was where you applied, right, exactly when you
16:52
Speaker 1: were living. Uh right, And it doesn't, Yeah, it doesn't.
16:55
Speaker 1: Mailing in residents is not the same address most times
16:58
Speaker 1: it is, but even still, like the place where I
17:01
Speaker 1: was born, it's not where I live now, so right,
17:04
Speaker 1: So I mean you have a lot of um weird
17:08
Speaker 1: numbers for the beginning in the early seventies, since seventy
17:15
Speaker 1: two is when they started the zip code. So I
17:18
Speaker 1: believe that I actually am one of the last years
17:22
Speaker 1: since I was born in seventy one, last people to
17:24
Speaker 1: get uh the one based on the state. Cool, so
17:28
Speaker 1: I'm old timing, seriously, that is something. Um. The next
17:34
Speaker 1: two numbers are group numbers, so you have your area
17:37
Speaker 1: number and then the area numbers broken into groups zero
17:40
Speaker 1: one through Yeah, and this makes sense. So the two
17:45
Speaker 1: numbers in the middle are the you are that group
17:48
Speaker 1: of that zip code or that state, depending on how
17:52
Speaker 1: old you are. It was just a means to break
17:55
Speaker 1: it up and make it simpler for accounting and filing
17:58
Speaker 1: and all that stuff. Right, because instead of UM just
18:01
Speaker 1: one group from an area, or what nine ninety nine
18:05
Speaker 1: possible areas, you now have nine groups of nine ninety
18:10
Speaker 1: nine possible areas, nine nine groups each to allow us
18:14
Speaker 1: for a lot more. Because the the eight ball that
18:17
Speaker 1: the Social Security number UM is always behind is basically
18:20
Speaker 1: running out of numbers. I don't think it will happen.
18:23
Speaker 1: It will there well, eventually, but there's what they says,
18:27
Speaker 1: a billion combinations. But consider this, there's been more than
18:31
Speaker 1: four hundred million numbers issued since so what sixty five
18:37
Speaker 1: seventy seven years? Right, I have a feeling that does
18:42
Speaker 1: take into account the baby boom that ate up a
18:44
Speaker 1: lot of numbers, But I mean I have a feeling
18:46
Speaker 1: that we could we could reach that and what another
18:49
Speaker 1: hundred hundred years, the US will be around I'm sure
18:52
Speaker 1: longer than then, hopefully. Yeah, China is rising, well, it'll
18:57
Speaker 1: be at the very least not in our lifetime. Oh no,
19:01
Speaker 1: so who cares. I would have agreed with you had
19:02
Speaker 1: you qualified it like that. Yeah, what they'll probably do
19:05
Speaker 1: is UM and I'm guessing here, but they'll probably start
19:09
Speaker 1: reassigning numbers from dead people, which will be weird. I
19:12
Speaker 1: use so security number. Yeah, imagine they go back. I mean,
19:16
Speaker 1: it would make sense to me that they would start
19:18
Speaker 1: from the beginning again almost so like you're using someone's
19:22
Speaker 1: number from and the year. Yeah, you got a stinky
19:27
Speaker 1: old mothball number. It's like a wicker um wicker wheelchair
19:32
Speaker 1: or something like that, like leather leg breaks is something weird,
19:36
Speaker 1: like from the thirties. What are you talking about? You
19:40
Speaker 1: know exactly what I'm talking about. Okay, the last four
19:43
Speaker 1: digits are the serial numbers, and uh they number consecutively
19:49
Speaker 1: from triple O one through So that's just saying, well,
19:53
Speaker 1: we're gonna extend the number the possible numbers we can
19:58
Speaker 1: come up with exactly. You've the more billion, and you
20:02
Speaker 1: know what, you don't even necessarily have to recycle even
20:04
Speaker 1: if you add like an extra attempt digit. How much
20:07
Speaker 1: would that change everything? I mean, they have to rewrite
20:12
Speaker 1: all their programming and all their accountings, and then we
20:15
Speaker 1: wouldn't have to recycle numbers. Good point they have. Luckily,
20:20
Speaker 1: they have people much smarter than that's deciding how to
20:22
Speaker 1: handle that. I don't know. We're pretty sharp, all right, Josh,
20:26
Speaker 1: common questions, These are actually pretty good. Okay, Chuck, here's
20:30
Speaker 1: a question for you. Does everyone have to have a
20:33
Speaker 1: Social Security number? If you're over eighteen, then yes, you do. UM.
20:37
Speaker 1: And you if you receive an income and you're over eighteen, UM.
20:42
Speaker 1: If you're interested in starting up a bank account, being
20:47
Speaker 1: a deduction on your parents, income taxes, all sorts of
20:52
Speaker 1: things like that, metal getting medical coverage, taking advantage of
20:56
Speaker 1: government services, then you're gonna need that. So there's a
20:59
Speaker 1: lot of people who just you that that you have
21:01
Speaker 1: to have that. Practically speaking, you do, like any bank
21:07
Speaker 1: can be like I'm not doing business with you, and
21:10
Speaker 1: then you say, okay, well I can't force you to
21:12
Speaker 1: by law, but I'll try your competitor, and you go
21:16
Speaker 1: on down the line and maybe you find a bank.
21:18
Speaker 1: From what I understand, there's banks that are set up
21:20
Speaker 1: in the Midwest, um for people who don't have Social
21:24
Speaker 1: Security numbers, Like who've said I'm not gonna have one,
21:27
Speaker 1: I don't trust the government, don't want to have a
21:28
Speaker 1: serial number, and I'm not going to have this no,
21:32
Speaker 1: but they're still paying in Oh yeah, yeah, I think
21:36
Speaker 1: they're still paying in but they don't have a Social
21:38
Speaker 1: Security number, so that means they're not gonna get benefits
21:41
Speaker 1: at the end. I don't think they think they're going
21:42
Speaker 1: to get benefits anyway. I could get that, UM. But yeah,
21:46
Speaker 1: they don't have a Social Security number. I think there
21:48
Speaker 1: are there are people who don't pay Social Security as well.
21:51
Speaker 1: It's like a whole Yeah, there's that's like a whole
21:53
Speaker 1: topic along the fringe of whether or not you need
21:56
Speaker 1: to have one, whether or not you actually do have
21:58
Speaker 1: to pay in the constitution, a reality of it, all
22:00
Speaker 1: that stuff, but for all practical purposes, your life is
22:04
Speaker 1: exponentially easier if you have a so Security number. Right,
22:07
Speaker 1: And you also said you have to pay because you
22:09
Speaker 1: can't tell the government, you know what, I'm setting up
22:11
Speaker 1: for my own retirement and I want to take all
22:14
Speaker 1: the available money that I make to do that because
22:17
Speaker 1: my retirement plan is much better than whatever you yokels
22:20
Speaker 1: are working on. Yeah, because I mean, if you you
22:22
Speaker 1: have to pay in fifteen point three percent, I don't
22:25
Speaker 1: know if that's current. I haven't looked, but as of
22:28
Speaker 1: the writing of this UM, this article, it was fifteen
22:32
Speaker 1: point three seven point six paid by you out of
22:36
Speaker 1: your gross pay and seven point six five paid by
22:39
Speaker 1: your employer. It is staggering how much we pay in
22:44
Speaker 1: taxes in this country. So if you took fifteen point
22:47
Speaker 1: three percent of your gross pay and put it into
22:50
Speaker 1: a four oh one k over the same course of years,
22:53
Speaker 1: you would have so much more money. Yeah, barring another
22:58
Speaker 1: stock market catask t fee before you could get your
23:01
Speaker 1: money out of your formal one k um, you would
23:04
Speaker 1: have way more than you have from the Social Security
23:07
Speaker 1: Administration As as benefits. You know, what I'm meant to
23:10
Speaker 1: look up is if the government uses this money for
23:13
Speaker 1: other things in the meantime or is it strictly like here,
23:18
Speaker 1: it's in this little pool and all we're doing is
23:19
Speaker 1: paying people out with it. Well, supposedly, before the baby
23:22
Speaker 1: boom problem arose, it was going in and right back out,
23:28
Speaker 1: and I'm sure any surplus was invested in treasury bonds.
23:31
Speaker 1: Now um, all of the surplus is invested in treasury bonds,
23:36
Speaker 1: which is just such a shell game. It's so crazy,
23:39
Speaker 1: and no one has any idea if this is gonna work.
23:41
Speaker 1: I swear to God, I'm not paranoid, but don't live
23:44
Speaker 1: in the Midwest. I'm not a fringe dweller. This is
23:47
Speaker 1: not something I like keep up with a lot um.
23:50
Speaker 1: I don't read World net daily. There's nothing like that
23:53
Speaker 1: in my life. But I'm telling you this is like
23:55
Speaker 1: there there's no guarantee that this social secure a UM
24:01
Speaker 1: I guess bandage for the baby boom populations, like if
24:05
Speaker 1: it's gonna work, it's it's really at the very least,
24:08
Speaker 1: it's interesting. Yeah. And the troubling, I would say, at
24:11
Speaker 1: the very least say, uh, they let you. They make
24:15
Speaker 1: it real easy for you to slap a number on
24:17
Speaker 1: your little brand new baby. Yes, do you have to
24:19
Speaker 1: have a number for your child? Well, like I said,
24:21
Speaker 1: if you want them to get medical coverage and UM
24:25
Speaker 1: open up a savings account in their name for like
24:27
Speaker 1: their future college or trade school or travels around the world,
24:31
Speaker 1: or you want to claim it as a deduction on
24:33
Speaker 1: your tax filing, Yeah, then they they're gonna need one,
24:36
Speaker 1: and they make it pretty easy on you to get
24:37
Speaker 1: one for your new, little, uh smelly baby. They do again. UM,
24:41
Speaker 1: I'm not a fringe dweller, but they have a very
24:44
Speaker 1: sinister sounding Enumeration at birth program that's pretty bad. Yeah.
24:50
Speaker 1: It was started in UM and basically, it just made
24:53
Speaker 1: it very easy for you to get a source of
24:56
Speaker 1: security number for your infant as part of their birth
24:58
Speaker 1: record forms enumeration at birth. You know, I used to
25:03
Speaker 1: I think I mentioned this before. I used to carry
25:04
Speaker 1: my card around in my wallet when I was a
25:06
Speaker 1: teenager because I thought it was I don't know, I
25:08
Speaker 1: thought it made me, uh legitimate or adult, like it's
25:14
Speaker 1: interesting everyone else's everyone else is out drinking, and I
25:19
Speaker 1: was like, no, no, I got my self a security card.
25:22
Speaker 1: It keeps keeps the urges away. Hey, speaking of Social
25:25
Speaker 1: Security cards and wallets, do you want to talk about that, lady? Oh, yeah,
25:30
Speaker 1: I can't. Yeah. This in uh nineteen thirty seven, dude
25:36
Speaker 1: named Douglas Patterson had a wallet company. Yeah, he was
25:40
Speaker 1: the vice president and treasurer of this wallet company, and
25:43
Speaker 1: he said, you know what we should do. We should
25:46
Speaker 1: include a fake Social Security card and every wallet, but
25:50
Speaker 1: we'll make it look really, really realistic by copying yours secretary. Yeah.
25:56
Speaker 1: He basically assigned these little fake cards, like you know,
26:00
Speaker 1: you get a picture frame with a fake picture in it.
26:03
Speaker 1: They gave out wallet or they sold wallets with a
26:05
Speaker 1: fake SOL Security card with a real number. I don't
26:08
Speaker 1: know why he thought that was a good idea or
26:10
Speaker 1: why she went along with it. What was her name,
26:12
Speaker 1: Hilda Straighter Whitcher? She went along with this? Maybe she
26:17
Speaker 1: didn't know, No, she knew she did. Yeah, um, and uh,
26:21
Speaker 1: I guess she didn't feel like she could assert herself
26:24
Speaker 1: at the time. But um, what over forty years something
26:28
Speaker 1: like forty thou people used her social Security number? Yeah,
26:32
Speaker 1: they gave her new and yeah, and people are still
26:34
Speaker 1: using it as as recently his nineteen seventies seven, there
26:37
Speaker 1: were twelve people using that as their own because of
26:40
Speaker 1: this wallet. Yeah. In in defense of the dude, he
26:43
Speaker 1: did have the word uh, spitchammen on the bottom of it,
26:47
Speaker 1: Spaceman specimen. But it was, you know, in small print,
26:51
Speaker 1: and it looked like the real deal. It had the
26:53
Speaker 1: little emblem that. Um who was the guy who designed that? Uh?
26:58
Speaker 1: Fred Happele That's right? And what else did he design?
27:01
Speaker 1: The flying Tiger's logo? Yeah? Which what was that? Like
27:05
Speaker 1: a B two bomber logo? Well, who knows? World War two?
27:09
Speaker 1: I guess, uh, some sort of gunner plane or something. Okay,
27:12
Speaker 1: that'd be my guess. The fighting hell cats. Yeah, finding
27:16
Speaker 1: health fish, healthfish the health fish with the Simpsons. Okay, um, Josh,
27:24
Speaker 1: can you get a new number? Yes, but only in
27:30
Speaker 1: very extreme cases like stalking, like talking, or fraud, a
27:35
Speaker 1: bad case of fraud. I guess yeah. I would imagine
27:37
Speaker 1: that the FBI can probably get you one if you're
27:40
Speaker 1: part of the Witness Protection program. Oh sure, which we've
27:43
Speaker 1: talked about. Yeah, you don't have to pay for that.
27:45
Speaker 1: There's no fee from the s s A. But um
27:50
Speaker 1: you uh what what you should be wary of his
27:52
Speaker 1: companies that claim that they can get you a new
27:55
Speaker 1: number to absolve your credit, Like, hey, have you let
27:59
Speaker 1: an awful bad life become a new person, We'll get
28:02
Speaker 1: you a new Social Security number, which is hilarious if
28:04
Speaker 1: you think that that's that's crazy. Following for that, it's
28:10
Speaker 1: like buying an elevator pass in high school as a
28:14
Speaker 1: freshman or something like, Yeah, except way you worse when
28:16
Speaker 1: you have a single floor high school, because I'm sure
28:19
Speaker 1: they're like, not only do we charge you a feed,
28:21
Speaker 1: but give us your so Security number because we have
28:23
Speaker 1: to go in and like make sure that it's wiped out.
28:27
Speaker 1: Right where are we here? Uh? You know? The title
28:33
Speaker 1: of the section was why does it matter? If someone
28:35
Speaker 1: knows my Social Security number, I think it's pretty obvious. Yeah,
28:40
Speaker 1: identity theft it's a big problem these days. Back in
28:44
Speaker 1: the old days it wasn't as much. It's actually gone
28:46
Speaker 1: down since this article, what four thousand years what they
28:50
Speaker 1: said here, right SEV. Now, well that's the ones that
28:53
Speaker 1: the FTC gets reports of, which are probably the lion
28:56
Speaker 1: share of them. But it was supposedly increasing like by
28:59
Speaker 1: some crazy percentage year. It's it's up eleven. So it's
29:05
Speaker 1: gone down. So I think people have just gotten scared
29:08
Speaker 1: of it, more wary about it. But um, I mean
29:12
Speaker 1: it's still obviously a pretty big problem. Part of the
29:15
Speaker 1: problem though, is that we shouldn't be using so security
29:18
Speaker 1: numbers for identification for a reason. They're just way too
29:23
Speaker 1: publicly available. Even the last four digits, Um, don't use
29:27
Speaker 1: that as like your pin number. No, But I mean,
29:30
Speaker 1: even if somebody asks you your last four digits, how
29:33
Speaker 1: many people do have your last four digits? How many
29:36
Speaker 1: companies A lot? And they also have your birth date,
29:39
Speaker 1: they also have where you're born, your mother's maiden name.
29:41
Speaker 1: It's just kind of like it's all out there, and
29:45
Speaker 1: basically there's no really good scheme two. I guess uses
29:52
Speaker 1: as a pass code as a past basically a way
29:55
Speaker 1: of saying I am me, because if we all just
29:59
Speaker 1: relied on some other number or something like that, then
30:01
Speaker 1: people could find that out. There's really no good way
30:04
Speaker 1: to do it. But um, so security numbers are definitely
30:06
Speaker 1: not the answer. Yeah. I always get a little creeped
30:09
Speaker 1: out when some business, you know, what are the last
30:12
Speaker 1: like Comcast or something like my cable company. We'll say
30:15
Speaker 1: what are your last words of your social and I'll
30:17
Speaker 1: spit it out and they'll go, okay, right. You can
30:20
Speaker 1: say I don't want to tell you, I want to
30:22
Speaker 1: answer everything else, and they'll they'll run you through your paces.
30:25
Speaker 1: But they know it because they're asking you for identific
30:28
Speaker 1: like for verification exactly because you've given it to them already. Um,
30:33
Speaker 1: you don't. There's basically most companies don't have any legal
30:37
Speaker 1: right to ask you what you're so security number is.
30:41
Speaker 1: But they can also say, well, we don't trust you,
30:43
Speaker 1: so if you don't give it to us when you
30:45
Speaker 1: open your account or whatever, then um, you're out of luck. Um.
30:51
Speaker 1: With government agencies, you can ask for the UM Privacy
30:56
Speaker 1: Act of nineteen seventy four, disclosure notice, which says like, hey,
31:01
Speaker 1: we have a legal right to ask you this, or
31:03
Speaker 1: we don't, and then you can say you can't ask
31:06
Speaker 1: me that, bob. But um, all the protection advice I've
31:12
Speaker 1: given here is pretty basic. You know, don't carry your
31:15
Speaker 1: card in your wallet. Uh, cancel credit cards you don't use,
31:19
Speaker 1: don't share what don't we just cancel credit cards you
31:23
Speaker 1: don't use. There are things you should do, like keep
31:26
Speaker 1: an eye on your accounts, your credit card accounts, even
31:29
Speaker 1: though you don't use them. But that's not necessarily good advice,
31:33
Speaker 1: especially credit wise, because there's this thing called the available
31:37
Speaker 1: credit to um debt ratio. It's one of the ratios
31:41
Speaker 1: that they figure credit score with. And if you have
31:43
Speaker 1: a clean credit card you're not using that has like
31:45
Speaker 1: five or ten grand of available credit on it, that counts,
31:49
Speaker 1: and that's that makes you very attractive to people who
31:52
Speaker 1: are selling new houses or cars or whatever. So don't
31:55
Speaker 1: necessarily go do that, keep them in a safe deposit box,
31:58
Speaker 1: keep an eye on all your out even if you're
32:00
Speaker 1: not using them. Yeah, boy, my credit rating is so
32:03
Speaker 1: good right now. That's awesome, dude. It's like top five
32:06
Speaker 1: percentile somehow, and that is I say that as a
32:10
Speaker 1: testament to you out there who may have bad credit.
32:13
Speaker 1: You can repair it over time. Yeah you you you
32:16
Speaker 1: animially did good. Huh uh. Well, yeah, she's the one
32:20
Speaker 1: that helped me get my good credit back. That's good.
32:22
Speaker 1: That's CFO. Congratulations, man, it's a big deal. Thank you.
32:25
Speaker 1: It is good. And my debts, you know, from the
32:28
Speaker 1: past were I don't want to get into it, but
32:30
Speaker 1: they had less to do with me and more to
32:33
Speaker 1: do with like books, Heroin, like bad roommates and getting
32:38
Speaker 1: screwed over by you know, like, hey, you were supposed
32:42
Speaker 1: to pay this Georgia power bill eight years ago and
32:45
Speaker 1: it's still in my name and I didn't even know
32:47
Speaker 1: about it. That kind of thing, and just being lazy
32:50
Speaker 1: in college. Yeah, I missed my credit card payment. No
32:54
Speaker 1: big deal, I'll just pay it next month. I'm just
32:56
Speaker 1: kidna go buy some Heroin instead. I know it's you're
33:00
Speaker 1: doing in college, Chuck, not that, So I guess that's
33:03
Speaker 1: about it. Huh yeah. Um. One more piece of advice,
33:08
Speaker 1: which is actually good. Every few years, go uh to
33:13
Speaker 1: the ss A website and request a copy of your
33:17
Speaker 1: earnings and Benefit Estimate statement. Yeah, have you heard of this? Before,
33:21
Speaker 1: and I've never done it, and I'm gonna go do
33:22
Speaker 1: it today. Alright, let's go do it together. We'll both
33:25
Speaker 1: go do years together. We'll be like what. I've been
33:27
Speaker 1: working since I was thirteen, so I imagine I'm doing
33:29
Speaker 1: pretty good. Nice. Oh, we didn't talk about that. Um.
33:33
Speaker 1: The system is waited. The whole reason it was instituted
33:38
Speaker 1: was to help um, make sure that people don't fall
33:41
Speaker 1: through the cracks or whatever, and to help the poor
33:44
Speaker 1: more than the wealthy. Um. Although you get more money
33:50
Speaker 1: out the more money you put in, right, which is
33:52
Speaker 1: based on your income, so the money you make, the
33:54
Speaker 1: more you ban. But it's also disproportionately waited so that
33:58
Speaker 1: the people who are earning the least get a disproportionate
34:03
Speaker 1: amount out to help them correct amundo. Which is great.
34:08
Speaker 1: It's socialism at it's fine est, as you said. So
34:12
Speaker 1: uh yeah, that's about it. That's social security numbers and
34:16
Speaker 1: pretty much so security. I don't think I'm going to
34:19
Speaker 1: do that again. Hats off the FDR for ah new deal,
34:25
Speaker 1: great society. UM, chicken in every pot that was hoover
34:30
Speaker 1: a number on every forehead. Nice check, thank you. We'll
34:35
Speaker 1: end it with that one. If you want to know
34:36
Speaker 1: more about social security numbers, you can read this exhaustive
34:40
Speaker 1: article about them um by typing in social security in
34:44
Speaker 1: the search bart how stuff works dot com, which means
34:46
Speaker 1: it time for listener mail Josh, I'm gonna call this
34:51
Speaker 1: following up on zero. That one got a lot more
34:56
Speaker 1: uh attention than I thought. All the math nerds came
34:59
Speaker 1: out like zero, very happy that we did that. And
35:04
Speaker 1: one such nern email this um, Stephen, and he says,
35:08
Speaker 1: I think I might be able to put your mind
35:10
Speaker 1: to rest on a couple of those zero properties. And
35:13
Speaker 1: a lot of people try to explain this, and I
35:15
Speaker 1: think he did the best. Uh first, dividing by zero,
35:18
Speaker 1: I find it helpful to think of division as separating
35:21
Speaker 1: objects into containers. See this guy is like talking up
35:25
Speaker 1: my alley. Yeah, I can visualize stuff a lot better
35:28
Speaker 1: this way. So, if you have five objects and five containers,
35:33
Speaker 1: you would put one object in each container. You still
35:36
Speaker 1: have the same number of objects, but divided evenly across containers. Now,
35:41
Speaker 1: if you have five objects and no containers, in other words,
35:45
Speaker 1: dividing by zero, you still have all the same objects,
35:49
Speaker 1: but they have not been put anywhere. You can't say
35:53
Speaker 1: that you'd put zero per container because it's not a
35:56
Speaker 1: lack of items, but rather a lack of containers. So
36:00
Speaker 1: dividing by zero means you have things but nothing to
36:03
Speaker 1: contain them. So our ratio cannot be formed makes sense? Right? Um?
36:08
Speaker 1: As for the raising to the zero zero power, um,
36:14
Speaker 1: this is one because our basis of numerology is the
36:17
Speaker 1: number one. All things larger are functions of how many
36:22
Speaker 1: ones it holds, and all things larger to find how
36:26
Speaker 1: many need to be combined to form a one. This,
36:31
Speaker 1: combined with the fact that exponents don't describe a multiplication,
36:34
Speaker 1: but rather a number of times a base measurement will
36:37
Speaker 1: be multiplied by a factor, means that if the base
36:40
Speaker 1: measurement is never multiplied by the factor, you're left with
36:43
Speaker 1: the base alone. So there you have it. It's tempting
36:47
Speaker 1: to think of these numbers as one to the power,
36:50
Speaker 1: but unfortunately this is wrong. You can keep go over
36:53
Speaker 1: that again, now I can't. Uh. That is from Stephen,
36:58
Speaker 1: a junior software engine here. Thanks Stephen, so I will
37:01
Speaker 1: take him at his word. Yeah, he sounds like he's
37:04
Speaker 1: gotta do. Yeah, the containers. That makes total sense to me. Now,
37:09
Speaker 1: so there you have it. So Thanks Stephen, junior software engineer.
37:13
Speaker 1: We are looking forward to you becoming a senior software engineer,
37:16
Speaker 1: likely in the near future. From your email. UM, and
37:21
Speaker 1: if you have some sort of illumination UM about a
37:26
Speaker 1: previous podcast, doesn't matter how old it is. We always
37:29
Speaker 1: like hearing new stuff about old stuff. UM. You can
37:32
Speaker 1: send it in an email to uh well, first tweet
37:36
Speaker 1: to us Okay, that's why sk podcast Facebook dot com,
37:40
Speaker 1: slash Stuff as you know, and then the email Stuff
37:42
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37:50
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37:54
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37:56
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