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.
Now, back to the main question: How much does the average American actually get from the Social Security system? There isnât a uniform answer, as there are many factors at play. But overall, numbers from the Social Security Administration show the average for all Social Security receipts is $1,249.55 per month, and for retired workers (over the age of 65), itâs $1,363.66 (as of February 2017).