Titanic Facts: The Ship. White Star Line was the company that built the Titanic, and was owned by J.P. Morgan, an American tycoon. The cost to build the RMS Titanic was $7.5 million. RMS stands for Royal Mail Steamer. It took 3,000 men two years to build the Titanic.
Workers and employers pay for Social Security. Workers pay 6.2 percent of their earnings up to a cap, which is $118,500 a year in 2015. (The cap on taxable earnings usually rises each year with average wages.) Employers pay a matching amount for a combined contribution of 12.4 percent of earnings.
But what about Social Security? According to the Social Security website, the average monthly payment is $1,237, or an annual payment of $14,844. Put both investment and Social Security income together, and you get $16,619 today, $17,416 in 10 years, plus Social Security cost-of-living adjustments.