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Question - has anyone conducted an analysis on the impact of Covid on Social Security?
None ^ | 12/02/2020 | self

Posted on 12/02/2020 12:15:01 PM PST by taxcontrol

I was just thinking that with thousands dying from Covid, that the pressure on Social Security should be lessening. Has anyone seen an analysis?


TOPICS: Business/Economy; Chit/Chat; Miscellaneous; Society
KEYWORDS: retirement; socialsecurity
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To: DIRTYSECRET

Ah Hitler...1930s. Useless eaters.


21 posted on 12/02/2020 12:32:11 PM PST by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kil l you. )
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To: nonliberal

This !


22 posted on 12/02/2020 12:34:07 PM PST by Reverend Wright (Biden is like Mueller: a senile frontman for radical left interests)
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To: taxcontrol
If I understand the problems with the SS system lately:


1 -- Even pre-china virus the main problem with the SS system was the disability portion, not the pension portion. So even if there are a lot of dying old people (believe it or not not all old people live in nursing homes of Dim states), that's a "help" to a part of the SS system that wasn't in much jeopardy anyway.


2 -- John Hopkins recently reported that overall deaths in 2020 aren't up anyway -- even with all the china virus hype making us think everybody's dying (just like the media likes us to think that everybody around us is a gay pro-abortion peaceful protestor burning down our towns).

23 posted on 12/02/2020 12:34:36 PM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Vermont Lt

And to add to the post I just made, the death rates for nursing home patients was MUCh higher than anywhere else.

These were old seniors who would have probably passed some time in the next 12-18 months; but I have to believe that the Medicaid savings for those months are going to be a mini-windfall for Cuomo come budget time.

This is in addition to ALL of the other medicaid spending that was saved because routine medical visits were not made during the shut downs. Things like podiatrists and other “elective” visits were put off—saving them tons of money.

AND Covid treatment was mostly picked up by the Feds.

It will be interesting to see how that plays out.


24 posted on 12/02/2020 12:34:48 PM PST by Vermont Lt (We have entered "Insanity Week." Act accordingly.)
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To: Vermont Lt

Medicaid has nothing to do with Social Security.

.


25 posted on 12/02/2020 12:40:24 PM PST by Mears (...)
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To: nonliberal

Do you have a link for that? I couldn’t find it.

Thanks


26 posted on 12/02/2020 12:40:25 PM PST by RedStateRocker (Nuke Mecca. Deport all illegals. Abolish the DEA, IRS and ATF,.)
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To: taxcontrol

The savings would be miniscule compared to the loss of payroll contributions, imo.


27 posted on 12/02/2020 12:43:30 PM PST by Kenny500c ( )
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To: taxcontrol

fewer people working means less money being paid into SS, thus insolvency date moves closer. May be what big government people want. People looking to the big Dem government for help? Insidious.


28 posted on 12/02/2020 12:45:49 PM PST by arizonarick
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To: taxcontrol

When you consider the simple FACT that the Death Rate has NOT gone up and realize all the deaths attributed to the ChiCom Flu were deducted from other causes like Heart Attack, Diabetes, Pnuemonia, Influenza, stroke,... and there is direct correlation demonstrating so, I would say IT DIDN’T CHANGE A THING

https://pjmedia.com/news-and-politics/matt-margolis/2020/11/27/johns-hopkins-study-saying-covid-19-has-relatively-no-effect-on-deaths-in-u-s-deleted-after-publication-n1178930


29 posted on 12/02/2020 12:49:26 PM PST by eyeamok
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To: RedStateRocker

Sent you a PM with the information.


30 posted on 12/02/2020 12:49:30 PM PST by nonliberal (Caput gerat lupinium)
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To: nonliberal
Exactly! Here in Kanadahar, Statistics Canada shows that, other than a jump in March and April, weekly death rates are BELOW AVERAGE! Of course, the gubmint and MSM avoid meticulously talking about these stats. (Never let a crisis go to waste, especially a MANUFACTURED crisis!) Many people, but not enough people, are realizing the total rubbish that is the CCP-Coronavirus panic.

Here is the link: Weekly death stats in Canada show COVID hasn't DEVASTATED the country

31 posted on 12/02/2020 1:00:34 PM PST by A Formerly Proud Canadian (I once was blind but now I see... )
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To: taxcontrol

Why do you think Cuomo sent all of the sick to nursing homes?


32 posted on 12/02/2020 1:01:25 PM PST by lucky american (Progressives are attac Iking our rights and y'all will sit there and take it.)
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To: taxcontrol

“I was just thinking that with thousands dying from Covid, that the pressure on Social Security should be lessening. Has anyone seen an analysis?”

No decrease in total death rates.


33 posted on 12/02/2020 1:06:50 PM PST by TexasGator (Z1z)
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To: nonliberal
I would guess little to no impact.

Yep, zero impact.

34 posted on 12/02/2020 1:08:43 PM PST by 1Old Pro ( )
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To: taxcontrol

Not too difficult an analysis to conduct yourself.

250,000 people have died WITH covid.

75% of the deaths are in the above age 65 group.

Average social security payment is about $20,000 per year.

That will give you a ballpark number


35 posted on 12/02/2020 1:21:17 PM PST by Presbyterian Reporter
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To: Presbyterian Reporter

Not too difficult an analysis to conduct yourself.

250,000 people have died WITH covid.

75% of the deaths are in the above age 65 group.

Average social security payment is about $20,000 per year.

That will give you a ballpark number

Let me add:

Offsetting that number is the number of deaths from all causes in 2020 for the above age 65 group any different than in prior years.


36 posted on 12/02/2020 1:26:10 PM PST by Presbyterian Reporter
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To: taxcontrol

Hmm, maybe. I did get a $5/month increase in my SS ck for next month . But my health insurance went up $100 so there ya go 👎 ...Lol


37 posted on 12/02/2020 1:30:18 PM PST by arbee4bush (No, I'm not a bush bot. I had a weak moment back in 2004 when I signed up to FR)
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To: taxcontrol

There are no excess deaths, said the CDC recently.

https://alphanewsmn.com/johns-hopkins-academic-cdc-data-shows-covid-hasnt-increased-us-death-rate/


38 posted on 12/02/2020 1:40:53 PM PST by Uncle Miltie (Biden: Senile, pedophile, grifter, extortionist, thief.)
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To: taxcontrol

Liberals AROUND THE WORLD like killing off old people.

They are a drain on resources and don’t (in their opinion) have any social value to the collective.

Many, many examples.


39 posted on 12/02/2020 1:43:35 PM PST by jdsteel (Americans are Dreamers too!!!)
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To: taxcontrol

If you assume that all the deaths were old, useless, sick people, then the 275,000 dead would be 0.4% of the 65 million people that receive Social Security benefits.

Of course, since about 20% weren’t even old enough to collect SS, that reduces the number to .32%. A third of a percent, or 1/300th of the statistical population, is not gonna show on any analysis outside the margin of error.


40 posted on 12/02/2020 1:45:40 PM PST by calenel (Tree of Liberty is thirsty.)
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