Geez.
Read it, and, weep....like we are....and, stop trying to defend it.
Here is some excellent data/info, Part 5 of a series, for deep diving.... for your reading pleasure....
Where Did All the Workers Go?
A brief look at U.S. all-cause mortality: Part 5
...As you can see in the chart below, group life insurance benefit payments in 2020 were barely higher than in 2018.
In 2021, however, group life payments exploded by 20.7% over the five year average and by 15% over the acute pandemic year of 2020. Why would healthy young and middle-age people suddenly begin dying in large numbers in 2021 when they’d navigated 2020 with relative success?
Especially when we consider that in 2021, the U.S. administered 520 million Covid-19 vaccine doses. Shouldn’t healthy people employed in good jobs with good benefits, now protected with vaccines, have fared better in 2021 than in 2020? Surely, overdoses and suicides have risen in recent years. But those causes of death are less prominent among the group life cohorts in general, and the latest data confirm these were not drivers of the group life surge. Curiously, two of the largest spikes in 2021 came from deadly automobile accidents and non-automobile accidents.
As you will remember seeing in our three all-cause charts, August, September, and October of 2021 showed a gigantic upward bubble – the worst ever period of concentrated young and middle-age deaths, at least in modern times.
Heart attacks, strokes, pulmonary embolisms, accidents, and many seemingly-inexplicable sudden deaths, which continued into 2022, and now in 2023. Here is the Society of Actuaries November 2022 update, which goes through June 2022
