Replies to post #24951 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Are you sure about that? I think that an average retiree gets something in the neighborhood of $16500 a year, while the Social security (both the employee contribution and his employer) are in the neighborhood of $16000, a far cry from two for one.

Zeev

[ergo sum]

Lane
From the report:

***A major shift in the relative size of the working age and elderly populations will begin
to occur in the first few years of this century. The large numbers of people born during the
post-World War II ìbaby boomî currently make up most of the workforce paying Social
Security taxes.****

My point is that that is not true. They are not the largest group. They may be the best paid and therefore paying a larger percent of SS taxes, but they are not the largest group. As you note there is a cut off on SS payments. Re: immigration we are looking out here to 2030 before this program runs out of money. That is more than 25 years. Do you really think all these immigrants are still going to be working at McDonalds. I don't.

Nor is this true, from the report.

***By 2030, when virtually all the boomers will have retired, life
expectancy at age 65 is projected to be nearly 18 years for men and more than 21 years for
women. Longer lives for retirees mean more years receiving Social Security benefits.
Because of lower birth rates, there will be fewer workers to replace the baby boomers
as they retire.***

There may or may not be fewer workers but it won't have anything to do with birth rates as we just had a 37% increase in citizens and it had nothing to do with birth rates.

To project from this that there will be X number of workers per retiree is just erroneous.

Have Fun
Ergo Sum